Under the GST regime, HSN Code 12129300 classifies Sugar Cane within Chapter 12 – Oil Seeds And Oleaginous Frui. This code is essential for businesses to correctly calculate and remit taxes on Sugar Cane. The applicable rates are CGST at 2.5%/Nil, SGST/UTGST at 2.5%/Nil for within-state sales, and IGST at 5%/Nil for interstate supplies. Goods are quantified using 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 12129300

For Sugar Cane classified under HSN Code 12129300, tax computation follows GST principles. CGST at 2.5%/Nil plus SGST/UTGST at 2.5%/Nil covers intrastate sales. IGST at 5%/Nil applies to interstate transactions. kg. is the prescribed measurement for Oil Seeds And Oleaginous Frui under Chapter 12.

Who Should Use HSN Code 12129300?

Any business engaged in supplying Sugar Cane must apply HSN 12129300 on invoices. The Oil Seeds And Oleaginous Frui category under Chapter 12 requires this classification for wholesalers, retailers, exporters, and online marketplaces alike.

Business Registration Requirements

Commencing trade in Sugar Cane? Secure GST registration to handle taxes on HSN 12129300 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 12129300 application for Sugar Cane ensures smooth input credit utilization and assessment processes. Track 2.5%/Nil, 2.5%/Nil, and 5%/Nil rate changes for Chapter 12 – Oil Seeds And Oleaginous Frui through official notifications for continuous compliance.

Frequently Asked Questions (FAQs)

Which chapter does HSN Code 12129300 belong to?

HSN Code 12129300 falls under Chapter 12 – Oil Seeds And Oleaginous Frui in the GST tariff schedule. This chapter covers various goods including Sugar Cane.

Is IGST applicable on Sugar Cane?

Yes, IGST at 5%/Nil is applicable when Sugar Cane is supplied interstate or imported. For local sales within a state, CGST at 2.5%/Nil and SGST/UTGST at 2.5%/Nil apply instead.

Can e-commerce sellers use HSN Code 12129300?

Yes, e-commerce sellers dealing in Sugar Cane must use HSN 12129300 on their invoices. This applies to all online platforms operating under Oil Seeds And Oleaginous Frui classification.

How do I start an import business for Oil Seeds And Oleaginous Frui goods?

To import goods under Oil Seeds And Oleaginous Frui, complete GST registration first, then obtain an Import Export Code from DGFT. Proper company registration provides the legal foundation for your import operations.

More HSN codes from Chapter 12

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