15081000 is the designated HSN classification for Ground-Nut Oil And Its Fractions, Whether Or Not Refined, But Not Chemically Modified Crude Oil, categorized under Chapter 15 – Animal Or Vegetable Fats And in the GST tariff structure. Businesses involved in trading, manufacturing, or importing Ground-Nut Oil And Its Fractions, Whether Or Not Refined, But Not Chemically Modified Crude Oil must apply this code correctly on invoices and tax returns. The applicable tax rates include CGST at 2.50%, SGST/UTGST at 2.50% for local transactions, and IGST at 5.00% for interstate supplies. Quantities are measured in kg. for billing purposes.
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 15081000
The taxation of Ground-Nut Oil And Its Fractions, Whether Or Not Refined, But Not Chemically Modified Crude Oil under HSN Code 15081000 depends on supply location. Intrastate transactions require CGST at 2.50% and SGST/UTGST at 2.50%. Interstate supplies are charged IGST at 5.00%. Invoices should consistently use kg. for Animal Or Vegetable Fats And goods under Chapter 15.
Who Should Use HSN Code 15081000?
Every entity transacting in Ground-Nut Oil And Its Fractions, Whether Or Not Refined, But Not Chemically Modified Crude Oil must quote HSN Code 15081000 on invoices. This includes traders, distributors, and e-commerce sellers operating under Animal Or Vegetable Fats And. Chapter 15 mandates this classification for accurate tax computation across the supply chain.
Business Registration Requirements
Looking to deal in Ground-Nut Oil And Its Fractions, Whether Or Not Refined, But Not Chemically Modified Crude Oil? GST registration is your first compliance requirement for HSN 15081000 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 application of HSN Code 15081000 for Ground-Nut Oil And Its Fractions, Whether Or Not Refined, But Not Chemically Modified Crude Oil enables legitimate input tax credit claims and prevents assessment disputes. Businesses under Chapter 15 – Animal Or Vegetable Fats And should monitor rate updates (2.50%, 2.50%, 5.00%) through official notifications to maintain seamless compliance.
Frequently Asked Questions (FAQs)
HSN Code 15081000 is used to classify Ground-Nut Oil And Its Fractions, Whether Or Not Refined, But Not Chemically Modified Crude Oil under Chapter 15 – Animal Or Vegetable Fats And for GST purposes. Businesses must mention this code on invoices to ensure correct tax calculation and compliance.
For Ground-Nut Oil And Its Fractions, Whether Or Not Refined, But Not Chemically Modified Crude Oil, CGST applies at 2.50% and SGST/UTGST at 2.50% for intrastate supplies. Interstate transactions are taxed under IGST at 5.00%.
Yes, GST registration is mandatory for businesses dealing in Ground-Nut Oil And Its Fractions, Whether Or Not Refined, But Not Chemically Modified Crude Oil under HSN 15081000. This enables you to legally collect taxes and claim input credits on purchases.
For importing goods under Animal Or Vegetable Fats And, you need GST registration along with an Import Export Code. Exporters should also obtain AD Code registration for processing international payments.