Chapter 15 of the GST framework covers Animal Or Vegetable Fats And, and HSN Code 15079010 specifically identifies Soya-Bean Oil And Its Fractions, Whether Or Not Refined, But Not Chemically Modified Other : Edible Grade for taxation purposes. This classification is mandatory for all businesses engaged in the supply of Soya-Bean Oil And Its Fractions, Whether Or Not Refined, But Not Chemically Modified Other : Edible Grade. Tax rates applicable include CGST at 2.50%, SGST/UTGST at 2.50%, and IGST at 5.00% for interstate movements. The standard unit of measurement is kg..
HSN Codes under Chapter 15 – Animal Or Vegetable Fats And
Below are related HSN codes from Chapter 15 – Animal Or Vegetable Fats And for your reference:
| Chapter | HSN Code | Description | CGST | SGST/UTGST | IGST |
|---|---|---|---|---|---|
| Animal Or Vegetable Fats And... | 15011000 | Pig Fat (Including Lard) And Poultry Fat, Other Th... | 6% | 6% | 12.00% |
| Animal Or Vegetable Fats And... | 15012000 | Pig Fat (Including Lard) And Poultry Fat, Other Th... | 6.00% | 6.00% | 12.00% |
| Animal Or Vegetable Fats And... | 15019000 | Pig Fat (Including Lard) And Poultry Fat, Other Th... | 0.06 | 0.06 | 0.12 |
| Animal Or Vegetable Fats And... | 15021010 | Fats Of Bovine Animals, Sheep Or Goats, Other Than... | 6.00% | 6.00% | 12.00% |
| Animal Or Vegetable Fats And... | 15021090 | Fats Of Bovine Animals, Sheep Or Goats, Other Than... | 6.00% | 6.00% | 12.00% |
| Animal Or Vegetable Fats And... | 15029010 | Fats Of Bovine Animals, Sheep Or Goats, Other Than... | 6.00% | 6.00% | 12.00% |
| Animal Or Vegetable Fats And... | 15029020 | Fats Of Bovine Animals, Sheep Or Goats, Other Than... | 6.00% | 6.00% | 12.00% |
| Animal Or Vegetable Fats And... | 15029090 | Fats Of Bovine Animals, Sheep Or Goats, Other Than... | 0.06 | 0.06 | 0.12 |
| Animal Or Vegetable Fats And... | 15030000 | Lard Stearin, Lard Oil, Oleostearin, Oleo-Oil And ... | 0.06 | 0.06 | 0.12 |
| Animal Or Vegetable Fats And... | 15041010 | Fats And Oils And Their Fractions, Of Fish Or Mari... | 6.00% | 6.00% | 12.00% |
GST Rates for HSN 15079010
Tax liability for Soya-Bean Oil And Its Fractions, Whether Or Not Refined, But Not Chemically Modified Other : Edible Grade under HSN 15079010 varies by transaction geography. CGST at 2.50% combined with SGST/UTGST at 2.50% applies to local sales. Interstate movement attracts IGST at 5.00%. All billing for Chapter 15 – Animal Or Vegetable Fats And products must use kg..
Who Should Use HSN Code 15079010?
All businesses supplying Soya-Bean Oil And Its Fractions, Whether Or Not Refined, But Not Chemically Modified Other : Edible Grade are obligated to use HSN 15079010 on tax invoices. From producers to retailers within Animal Or Vegetable Fats And, Chapter 15 classification ensures uniform tax treatment. This requirement applies regardless of turnover or business model.
Business Registration Requirements
Looking to deal in Soya-Bean Oil And Its Fractions, Whether Or Not Refined, But Not Chemically Modified Other : Edible Grade? GST registration is your first compliance requirement for HSN 15079010 goods. International traders in Animal Or Vegetable Fats And products must obtain an Import Export Code. AD Code registration facilitates export payment processing. Company registration should precede all other business approvals.
Why Correct Classification Matters
Accurate HSN Code 15079010 usage for Soya-Bean Oil And Its Fractions, Whether Or Not Refined, But Not Chemically Modified Other : Edible Grade simplifies reconciliation and protects against penalties. Keep current with 2.50%, 2.50%, and 5.00% updates for Chapter 15 – Animal Or Vegetable Fats And to ensure ongoing compliance.
Frequently Asked Questions (FAQs)
What is the unit of measurement for HSN 15079010?
The standard unit of measurement for Soya-Bean Oil And Its Fractions, Whether Or Not Refined, But Not Chemically Modified Other : Edible Grade under HSN Code 15079010 is kg.. All invoices and GST returns must reflect quantities using this measurement standard.
Is HSN Code 15079010 mandatory for small businesses?
Yes, businesses dealing in Soya-Bean Oil And Its Fractions, Whether Or Not Refined, But Not Chemically Modified Other : Edible Grade must use HSN 15079010 on invoices regardless of their size. The number of digits required may vary based on turnover thresholds set by GST rules.
What happens if I use wrong HSN code for Soya-Bean Oil And Its Fractions, Whether Or Not Refined, But Not Chemically Modified Other : Edible Grade?
Using incorrect classification can result in wrong tax calculation, rejected input credits, and penalties during assessment. Always verify HSN 15079010 for Animal Or Vegetable Fats And goods before invoicing.
Do I need AD Code registration for exporting Soya-Bean Oil And Its Fractions, Whether Or Not Refined, But Not Chemically Modified Other : Edible Grade?
Yes, AD Code registration is required for exporters dealing in Soya-Bean Oil And Its Fractions, Whether Or Not Refined, But Not Chemically Modified Other : Edible Grade under Animal Or Vegetable Fats And. This registration links your bank account to process foreign currency payments from overseas buyers.
