Chapter 15 of the GST framework covers Animal Or Vegetable Fats And, and HSN Code 15089091 specifically identifies Ground-Nut Oil And Its Fractions, Whether Or Not Refined, But Not Chemically Modified Other : Other : Edible Grade for taxation purposes. This classification is mandatory for all businesses engaged in the supply of Ground-Nut Oil And Its Fractions, Whether Or Not Refined, But Not Chemically Modified Other : 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 15089091
Tax liability for Ground-Nut Oil And Its Fractions, Whether Or Not Refined, But Not Chemically Modified Other : Other : Edible Grade under HSN 15089091 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 15089091?
Every entity transacting in Ground-Nut Oil And Its Fractions, Whether Or Not Refined, But Not Chemically Modified Other : Other : Edible Grade must quote HSN Code 15089091 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
Planning to trade in Ground-Nut Oil And Its Fractions, Whether Or Not Refined, But Not Chemically Modified Other : Other : Edible Grade? Complete GST registration to legally collect taxes on goods under HSN 15089091. Businesses importing or exporting Animal Or Vegetable Fats And products require an Import Export Code. AD Code registration is essential for exporters to process international payments. Entrepreneurs should secure company registration as the foundational step.
Why Correct Classification Matters
Accurate HSN Code 15089091 usage for Ground-Nut Oil And Its Fractions, Whether Or Not Refined, But Not Chemically Modified Other : 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)
How many digits of HSN Code 15089091 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 15089091 for accurate classification of Ground-Nut Oil And Its Fractions, Whether Or Not Refined, But Not Chemically Modified Other : Other : Edible Grade.
Can I claim input tax credit on Ground-Nut Oil And Its Fractions, Whether Or Not Refined, But Not Chemically Modified Other : Other : Edible Grade purchases?
Yes, registered businesses can claim input tax credit on Ground-Nut Oil And Its Fractions, Whether Or Not Refined, But Not Chemically Modified Other : Other : Edible Grade purchases made under HSN 15089091. Ensure your supplier mentions correct HSN code and GST rates (2.50%, 2.50%) on the invoice.
What is the difference between CGST and IGST for HSN 15089091?
CGST at 2.50% plus SGST/UTGST at 2.50% applies when Ground-Nut Oil And Its Fractions, Whether Or Not Refined, But Not Chemically Modified Other : Other : Edible Grade is sold within the same state. IGST at 5.00% is charged when goods move across state borders or are imported.
Is Import Export Code necessary for trading Ground-Nut Oil And Its Fractions, Whether Or Not Refined, But Not Chemically Modified Other : Other : Edible Grade domestically?
No, Import Export Code is only required if you plan to import or export Ground-Nut Oil And Its Fractions, Whether Or Not Refined, But Not Chemically Modified Other : Other : Edible Grade internationally. For domestic trade within Animal Or Vegetable Fats And, GST registration is sufficient.
