Chapter 12 of the GST framework covers Oil Seeds And Oleaginous Frui, and HSN Code 12074090 specifically identifies Other Oil Seeds And Oleaginous Fruits, Whether Or Not Broken Sesamum Seeds : Other for taxation purposes. This classification is mandatory for all businesses engaged in the supply of Other Oil Seeds And Oleaginous Fruits, Whether Or Not Broken Sesamum Seeds : Other. Tax rates applicable include CGST at 0.025, SGST/UTGST at 0.025, and IGST at 0.05 for interstate movements. The standard unit of measurement is kg..

HSN Codes under Chapter 12 – Oil Seeds And Oleaginous Frui

Below are related HSN codes from Chapter 12 – Oil Seeds And Oleaginous Frui for your reference:

Chapter HSN Code Description CGST SGST/UTGST IGST
Oil Seeds And Oleaginous Frui... 12010010 Soya Beans, Whether Or Not Broken Soya Beans, Whet... Nil Nil Nil
Oil Seeds And Oleaginous Frui... 12010090 Soya Beans, Whether Or Not Broken Soya Beans, Whet... 2.50% 2.50% 5.00%
Oil Seeds And Oleaginous Frui... 12011000 Seed 2.50% 2.50% 5.00%
Oil Seeds And Oleaginous Frui... 12019000 Other 0.025 0.025 0.05
Oil Seeds And Oleaginous Frui... 12021011 Ground?Nuts, Not Roasted Or Otherwise Cooked, Whet... Nil Nil Nil
Oil Seeds And Oleaginous Frui... 12021019 Ground?Nuts, Not Roasted Or Otherwise Cooked, Whet... 0.025 0.025 0.05
Oil Seeds And Oleaginous Frui... 12021091 Ground?Nuts, Not Roasted Or Otherwise Cooked, Whet... Nil Nil Nil
Oil Seeds And Oleaginous Frui... 12021099 Ground?Nuts, Not Roasted Or Otherwise Cooked, Whet... 2.50% 2.50% 5.00%
Oil Seeds And Oleaginous Frui... 12022010 Ground?Nuts, Not Roasted Or Otherwise Cooked, Whet... 2.50% 2.50% 5.00%
Oil Seeds And Oleaginous Frui... 12022090 Ground?Nuts, Not Roasted Or Otherwise Cooked, Whet... 2.50% 2.50% 5.00%

GST Rates for HSN 12074090

Tax liability for Other Oil Seeds And Oleaginous Fruits, Whether Or Not Broken Sesamum Seeds : Other under HSN 12074090 varies by transaction geography. CGST at 0.025 combined with SGST/UTGST at 0.025 applies to local sales. Interstate movement attracts IGST at 0.05. All billing for Chapter 12 – Oil Seeds And Oleaginous Frui products must use kg..

Who Should Use HSN Code 12074090?

Every entity transacting in Other Oil Seeds And Oleaginous Fruits, Whether Or Not Broken Sesamum Seeds : Other must quote HSN Code 12074090 on invoices. This includes traders, distributors, and e-commerce sellers operating under Oil Seeds And Oleaginous Frui. Chapter 12 mandates this classification for accurate tax computation across the supply chain.

Business Registration Requirements

Commencing trade in Other Oil Seeds And Oleaginous Fruits, Whether Or Not Broken Sesamum Seeds : Other? Secure GST registration to handle taxes on HSN 12074090 classified goods. Businesses with international operations in Oil Seeds And Oleaginous Frui need an Import Export Code. Exporters require AD Code registration for foreign currency receipts. Start with company registration to formalize your business structure.

Why Correct Classification Matters

Correct HSN Code 12074090 application for Other Oil Seeds And Oleaginous Fruits, Whether Or Not Broken Sesamum Seeds : Other ensures smooth input credit utilization and assessment processes. Track 0.025, 0.025, and 0.05 rate changes for Chapter 12 – Oil Seeds And Oleaginous Frui through official notifications for continuous compliance.

Frequently Asked Questions (FAQs)

What is HSN Code 12074090 used for?

HSN Code 12074090 is used to classify Other Oil Seeds And Oleaginous Fruits, Whether Or Not Broken Sesamum Seeds : Other under Chapter 12 – Oil Seeds And Oleaginous Frui for GST purposes. Businesses must mention this code on invoices to ensure correct tax calculation and compliance.

What are the GST rates applicable on HSN 12074090?

For Other Oil Seeds And Oleaginous Fruits, Whether Or Not Broken Sesamum Seeds : Other, CGST applies at 0.025 and SGST/UTGST at 0.025 for intrastate supplies. Interstate transactions are taxed under IGST at 0.05.

Do I need GST registration to trade in Other Oil Seeds And Oleaginous Fruits, Whether Or Not Broken Sesamum Seeds : Other?

Yes, GST registration is mandatory for businesses dealing in Other Oil Seeds And Oleaginous Fruits, Whether Or Not Broken Sesamum Seeds : Other under HSN 12074090. This enables you to legally collect taxes and claim input credits on purchases.

What registrations are required for importing Other Oil Seeds And Oleaginous Fruits, Whether Or Not Broken Sesamum Seeds : Other?

For importing goods under Oil Seeds And Oleaginous Frui, you need GST registration along with an Import Export Code. Exporters should also obtain AD Code registration for processing international payments.

More HSN codes from Chapter 12

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