HSN Code 15079090 provides the tax classification for Soya-Bean Oil And Its Fractions, Whether Or Not Refined, But Not Chemically Modified Other : Other under Chapter 15 – Animal Or Vegetable Fats And of the GST tariff. Businesses dealing in Soya-Bean Oil And Its Fractions, Whether Or Not Refined, But Not Chemically Modified Other : Other must use this code for proper invoicing and return filing. Applicable taxes include CGST at 0.025, SGST/UTGST at 0.025, and IGST at 0.05. The recognized 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 15079090
Tax liability for Soya-Bean Oil And Its Fractions, Whether Or Not Refined, But Not Chemically Modified Other : Other under HSN 15079090 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 15 – Animal Or Vegetable Fats And products must use kg..
Who Should Use HSN Code 15079090?
All businesses supplying Soya-Bean Oil And Its Fractions, Whether Or Not Refined, But Not Chemically Modified Other : Other are obligated to use HSN 15079090 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
Starting a business involving Soya-Bean Oil And Its Fractions, Whether Or Not Refined, But Not Chemically Modified Other : Other? GST registration is mandatory for collecting and remitting taxes on HSN 15079090 goods. Companies planning international trade within Animal Or Vegetable Fats And must obtain an Import Export Code. Exporters need AD Code registration for receiving foreign payments. New entrepreneurs should complete company registration before pursuing trade-specific approvals.
Why Correct Classification Matters
Proper use of HSN Code 15079090 for Soya-Bean Oil And Its Fractions, Whether Or Not Refined, But Not Chemically Modified Other : Other streamlines audit processes and supports valid credit claims. Stay updated on 0.025, 0.025, and 0.05 rates for Chapter 15 – Animal Or Vegetable Fats And through government circulars to ensure uninterrupted compliance.
Frequently Asked Questions (FAQs)
How many digits of HSN Code 15079090 should I mention on invoices?
The number of HSN digits depends on your annual turnover. Businesses with turnover above Rs 5 crore must mention 6 digits, while others may use 4 digits. Always use the complete HSN 15079090 for accurate classification of Soya-Bean Oil And Its Fractions, Whether Or Not Refined, But Not Chemically Modified Other : Other.
Can I claim input tax credit on Soya-Bean Oil And Its Fractions, Whether Or Not Refined, But Not Chemically Modified Other : Other purchases?
Yes, registered businesses can claim input tax credit on Soya-Bean Oil And Its Fractions, Whether Or Not Refined, But Not Chemically Modified Other : Other purchases made under HSN 15079090. Ensure your supplier mentions correct HSN code and GST rates (0.025, 0.025) on the invoice.
What is the difference between CGST and IGST for HSN 15079090?
CGST at 0.025 plus SGST/UTGST at 0.025 applies when Soya-Bean Oil And Its Fractions, Whether Or Not Refined, But Not Chemically Modified Other : Other is sold within the same state. IGST at 0.05 is charged when goods move across state borders or are imported.
Is Import Export Code necessary for trading Soya-Bean Oil And Its Fractions, Whether Or Not Refined, But Not Chemically Modified Other : Other domestically?
No, Import Export Code is only required if you plan to import or export Soya-Bean Oil And Its Fractions, Whether Or Not Refined, But Not Chemically Modified Other : Other internationally. For domestic trade within Animal Or Vegetable Fats And, GST registration is sufficient.
