Under the GST regime, HSN Code 17039010 classifies Molasses Resulting From The Extraction Or Refining Of Sugar - Other : Molasses, Edible within Chapter 17 – Sugars And Sugar Confectioner. This code is essential for businesses to correctly calculate and remit taxes on Molasses Resulting From The Extraction Or Refining Of Sugar - Other : Molasses, Edible. The applicable rates are CGST at 14%, SGST/UTGST at 14% for within-state sales, and IGST at 28% for interstate supplies. Goods are quantified using kg..
HSN Codes under Chapter 17 – Sugars And Sugar Confectioner
Below are related HSN codes from Chapter 17 – Sugars And Sugar Confectioner for your reference:
| Chapter | HSN Code | Description | CGST | SGST/UTGST | IGST |
|---|---|---|---|---|---|
| Sugars And Sugar Confectioner... | 17011200 | Cane Or Beet Sugar And Chemically Pure Sucrose, In... | 2.5%/Nil | 2.5%/Nil | 5%/Nil |
| Sugars And Sugar Confectioner... | 17011310 | Cane Or Beet Sugar And Chemically Pure Sucrose, In... | 2.5%/Nil | 2.5%/Nil | 5%/Nil |
| Sugars And Sugar Confectioner... | 17011320 | Cane Or Beet Sugar And Chemically Pure Sucrose, In... | 2.5%/Nil | 2.5%/Nil | 5%/Nil |
| Sugars And Sugar Confectioner... | 17011390 | Cane Or Beet Sugar And Chemically Pure Sucrose, In... | 2.5%/Nil | 2.5%/Nil | 5%/Nil |
| Sugars And Sugar Confectioner... | 17011410 | Cane Or Beet Sugar And Chemically Pure Sucrose, In... | 2.5%/Nil | 2.5%/Nil | 5%/Nil |
| Sugars And Sugar Confectioner... | 17011420 | Cane Or Beet Sugar And Chemically Pure Sucrose, In... | 2.5%/Nil | 2.5%/Nil | 5%/Nil |
| Sugars And Sugar Confectioner... | 17011490 | Cane Or Beet Sugar And Chemically Pure Sucrose, In... | 2.5%/Nil | 2.5%/Nil | 5%/Nil |
| Sugars And Sugar Confectioner... | 17019100 | Cane Or Beet Sugar And Chemically Pure Sucrose, In... | 6.00% | 6.00% | 12.00% |
| Sugars And Sugar Confectioner... | 17019910 | Cane Or Beet Sugar And Chemically Pure Sucrose, In... | 6.00% | 6.00% | 12.00% |
| Sugars And Sugar Confectioner... | 17019990 | Cane Or Beet Sugar And Chemically Pure Sucrose, In... | 0.06 | 0.06 | 0.12 |
GST Rates for HSN 17039010
The taxation of Molasses Resulting From The Extraction Or Refining Of Sugar - Other : Molasses, Edible under HSN Code 17039010 depends on supply location. Intrastate transactions require CGST at 14% and SGST/UTGST at 14%. Interstate supplies are charged IGST at 28%. Invoices should consistently use kg. for Sugars And Sugar Confectioner goods under Chapter 17.
Who Should Use HSN Code 17039010?
All businesses supplying Molasses Resulting From The Extraction Or Refining Of Sugar - Other : Molasses, Edible are obligated to use HSN 17039010 on tax invoices. From producers to retailers within Sugars And Sugar Confectioner, Chapter 17 classification ensures uniform tax treatment. This requirement applies regardless of turnover or business model.
Business Registration Requirements
Planning to trade in Molasses Resulting From The Extraction Or Refining Of Sugar - Other : Molasses, Edible? Complete GST registration to legally collect taxes on goods under HSN 17039010. Businesses importing or exporting Sugars And Sugar Confectioner 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
Using HSN Code 17039010 accurately for Molasses Resulting From The Extraction Or Refining Of Sugar - Other : Molasses, Edible avoids compliance issues and facilitates credit claims. Monitor changes to 14%, 14%, and 28% rates for Chapter 17 – Sugars And Sugar Confectioner to maintain accurate filings and smooth business operations.
Frequently Asked Questions (FAQs)
How many digits of HSN Code 17039010 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 17039010 for accurate classification of Molasses Resulting From The Extraction Or Refining Of Sugar - Other : Molasses, Edible.
Can I claim input tax credit on Molasses Resulting From The Extraction Or Refining Of Sugar - Other : Molasses, Edible purchases?
Yes, registered businesses can claim input tax credit on Molasses Resulting From The Extraction Or Refining Of Sugar - Other : Molasses, Edible purchases made under HSN 17039010. Ensure your supplier mentions correct HSN code and GST rates (14%, 14%) on the invoice.
What is the difference between CGST and IGST for HSN 17039010?
CGST at 14% plus SGST/UTGST at 14% applies when Molasses Resulting From The Extraction Or Refining Of Sugar - Other : Molasses, Edible is sold within the same state. IGST at 28% is charged when goods move across state borders or are imported.
Is Import Export Code necessary for trading Molasses Resulting From The Extraction Or Refining Of Sugar - Other : Molasses, Edible domestically?
No, Import Export Code is only required if you plan to import or export Molasses Resulting From The Extraction Or Refining Of Sugar - Other : Molasses, Edible internationally. For domestic trade within Sugars And Sugar Confectioner, GST registration is sufficient.
