HSN Code 23050090 provides the tax classification for Oil-Cake And Other Solid Residues, Whetheror Not Ground Or In The Form Of Pellets, Resulting From The Extraction Ofground-Nut Oil - Oil-Cake And Other Solid Residues, Whether Ornot Ground Or In The Form Of Pellets, Resultingfrom The Extraction Of Ground-... under Chapter 23 – Residues And Waste From The F of the GST tariff. Businesses dealing in Oil-Cake And Other Solid Residues, Whetheror Not Ground Or In The Form Of Pellets, Resulting From The Extraction Ofground-Nut Oil - Oil-Cake And Other Solid Residues, Whether Ornot Ground Or In The Form Of Pellets, Resultingfrom The Extraction Of Ground-... 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 23 – Residues And Waste From The F
Below are related HSN codes from Chapter 23 – Residues And Waste From The F for your reference:
| Chapter | HSN Code | Description | CGST | SGST/UTGST | IGST |
|---|---|---|---|---|---|
| Residues And Waste From The F... | 23011010 | Flours, Meals And Pellets, Of Meator Meat Offal, O... | 2.50% | 2.50% | 5.00% |
| Residues And Waste From The F... | 23011090 | Flours, Meals And Pellets, Of Meator Meat Offal, O... | 0.025 | 0.025 | 0.05 |
| Residues And Waste From The F... | 23012011 | Flours, Meals And Pellets, Of Meator Meat Offal, O... | 2.50% | 2.50% | 5.00% |
| Residues And Waste From The F... | 23012019 | Flours, Meals And Pellets, Of Meator Meat Offal, O... | 2.50% | 2.50% | 5.00% |
| Residues And Waste From The F... | 23012090 | Flours, Meals And Pellets, Of Meator Meat Offal, O... | 0.025 | 0.025 | 0.05 |
| Residues And Waste From The F... | 23021010 | Bran, Sharps And Other Residues, Whetheror Not In ... | 2.50% | 2.50% | 5.00% |
| Residues And Waste From The F... | 23021090 | Bran, Sharps And Other Residues, Whetheror Not In ... | 2.50% | 2.50% | 5.00% |
| Residues And Waste From The F... | 23022010 | Bran, Sharps And Other Residues, Whetheror Not In ... | 2.50% | 2.50% | 5.00% |
| Residues And Waste From The F... | 23022020 | Bran, Sharps And Other Residues, Whetheror Not In ... | 2.50% | 2.50% | 5.00% |
| Residues And Waste From The F... | 23022090 | Bran, Sharps And Other Residues, Whetheror Not In ... | 0.025 | 0.025 | 0.05 |
GST Rates for HSN 23050090
For Oil-Cake And Other Solid Residues, Whetheror Not Ground Or In The Form Of Pellets, Resulting From The Extraction Ofground-Nut Oil - Oil-Cake And Other Solid Residues, Whether Ornot Ground Or In The Form Of Pellets, Resultingfrom The Extraction Of Ground-... classified under HSN Code 23050090, tax computation follows GST principles. CGST at 0.025 plus SGST/UTGST at 0.025 covers intrastate sales. IGST at 0.05 applies to interstate transactions. kg. is the prescribed measurement for Residues And Waste From The F under Chapter 23.
Who Should Use HSN Code 23050090?
Every entity transacting in Oil-Cake And Other Solid Residues, Whetheror Not Ground Or In The Form Of Pellets, Resulting From The Extraction Ofground-Nut Oil - Oil-Cake And Other Solid Residues, Whether Ornot Ground Or In The Form Of Pellets, Resultingfrom The Extraction Of Ground-... must quote HSN Code 23050090 on invoices. This includes traders, distributors, and e-commerce sellers operating under Residues And Waste From The F. Chapter 23 mandates this classification for accurate tax computation across the supply chain.
Business Registration Requirements
Entering the Oil-Cake And Other Solid Residues, Whetheror Not Ground Or In The Form Of Pellets, Resulting From The Extraction Ofground-Nut Oil - Oil-Cake And Other Solid Residues, Whether Ornot Ground Or In The Form Of Pellets, Resultingfrom The Extraction Of Ground-... market requires essential registrations. GST registration enables legal tax collection on HSN 23050090 goods. For cross-border trade in Residues And Waste From The F items, secure an Import Export Code. Exporters additionally need AD Code registration for bank processing. Begin with company registration to establish your business entity.
Why Correct Classification Matters
Accurate application of HSN Code 23050090 for Oil-Cake And Other Solid Residues, Whetheror Not Ground Or In The Form Of Pellets, Resulting From The Extraction Ofground-Nut Oil - Oil-Cake And Other Solid Residues, Whether Ornot Ground Or In The Form Of Pellets, Resultingfrom The Extraction Of Ground-... enables legitimate input tax credit claims and prevents assessment disputes. Businesses under Chapter 23 – Residues And Waste From The F should monitor rate updates (0.025, 0.025, 0.05) through official notifications to maintain seamless compliance.
Frequently Asked Questions (FAQs)
HSN Code 23050090 falls under Chapter 23 – Residues And Waste From The F in the GST tariff schedule. This chapter covers various goods including Oil-Cake And Other Solid Residues, Whetheror Not Ground Or In The Form Of Pellets, Resulting From The Extraction Ofground-Nut Oil - Oil-Cake And Other Solid Residues, Whether Ornot Ground Or In The Form Of Pellets, Resultingfrom The Extraction Of Ground-....
Yes, IGST at 0.05 is applicable when Oil-Cake And Other Solid Residues, Whetheror Not Ground Or In The Form Of Pellets, Resulting From The Extraction Ofground-Nut Oil - Oil-Cake And Other Solid Residues, Whether Ornot Ground Or In The Form Of Pellets, Resultingfrom The Extraction Of Ground-... is supplied interstate or imported. For local sales within a state, CGST at 0.025 and SGST/UTGST at 0.025 apply instead.
Yes, e-commerce sellers dealing in Oil-Cake And Other Solid Residues, Whetheror Not Ground Or In The Form Of Pellets, Resulting From The Extraction Ofground-Nut Oil - Oil-Cake And Other Solid Residues, Whether Ornot Ground Or In The Form Of Pellets, Resultingfrom The Extraction Of Ground-... must use HSN 23050090 on their invoices. This applies to all online platforms operating under Residues And Waste From The F classification.
To import goods under Residues And Waste From The F, complete GST registration first, then obtain an Import Export Code from DGFT. Proper company registration provides the legal foundation for your import operations.
