Chapter 23 of the GST framework covers Residues And Waste From The F, and HSN Code 23061010 specifically identifies Oil-Cake And Other Solid Residues, Whether Or Not Ground Or In The Form Ofpellets, Resulting From The Extraction Ofvegetable Fats Or Oils, Other Than Thoseof Heading 2304 Or 2305 - Of Cotton Seeds : Oil-Cake And Oil-Cake Meal, Decorticated Expeller Variety for taxation purposes. This classification is mandatory for all businesses engaged in the supply of Oil-Cake And Other Solid Residues, Whether Or Not Ground Or In The Form Ofpellets, Resulting From The Extraction Ofvegetable Fats Or Oils, Other Than Thoseof Heading 2304 Or 2305 - Of Cotton Seeds : Oil-Cake And Oil-Cake Meal, Decorticated Expeller Variety. Tax rates applicable include CGST at Nil, SGST/UTGST at Nil, and IGST at Nil for interstate movements. The standard unit of measurement is N.a.
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 23061010
The tax structure for Oil-Cake And Other Solid Residues, Whether Or Not Ground Or In The Form Ofpellets, Resulting From The Extraction Ofvegetable Fats Or Oils, Other Than Thoseof Heading 2304 Or 2305 - Of Cotton Seeds : Oil-Cake And Oil-Cake Meal, Decorticated Expeller Variety under HSN Code 23061010 follows a dual taxation model. CGST is levied at Nil and SGST/UTGST at Nil for intrastate sales. Interstate transactions attract IGST at Nil. All invoices must record quantities in N.a as the standard measurement for goods under Chapter 23 – Residues And Waste From The F.
Who Should Use HSN Code 23061010?
All businesses supplying Oil-Cake And Other Solid Residues, Whether Or Not Ground Or In The Form Ofpellets, Resulting From The Extraction Ofvegetable Fats Or Oils, Other Than Thoseof Heading 2304 Or 2305 - Of Cotton Seeds : Oil-Cake And Oil-Cake Meal, Decorticated Expeller Variety are obligated to use HSN 23061010 on tax invoices. From producers to retailers within Residues And Waste From The F, Chapter 23 classification ensures uniform tax treatment. This requirement applies regardless of turnover or business model.
Business Registration Requirements
Starting a business involving Oil-Cake And Other Solid Residues, Whether Or Not Ground Or In The Form Ofpellets, Resulting From The Extraction Ofvegetable Fats Or Oils, Other Than Thoseof Heading 2304 Or 2305 - Of Cotton Seeds : Oil-Cake And Oil-Cake Meal, Decorticated Expeller Variety? GST registration is mandatory for collecting and remitting taxes on HSN 23061010 goods. Companies planning international trade within Residues And Waste From The F 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
Correct HSN Code 23061010 application for Oil-Cake And Other Solid Residues, Whether Or Not Ground Or In The Form Ofpellets, Resulting From The Extraction Ofvegetable Fats Or Oils, Other Than Thoseof Heading 2304 Or 2305 - Of Cotton Seeds : Oil-Cake And Oil-Cake Meal, Decorticated Expeller Variety ensures smooth input credit utilization and assessment processes. Track Nil, Nil, and Nil rate changes for Chapter 23 – Residues And Waste From The F through official notifications for continuous compliance.
Frequently Asked Questions (FAQs)
Official GST rates for Oil-Cake And Other Solid Residues, Whether Or Not Ground Or In The Form Ofpellets, Resulting From The Extraction Ofvegetable Fats Or Oils, Other Than Thoseof Heading 2304 Or 2305 - Of Cotton Seeds : Oil-Cake And Oil-Cake Meal, Decorticated Expeller Variety under HSN 23061010 are published in government notifications and the CBIC website. Current rates are CGST Nil, SGST/UTGST Nil, and IGST Nil.
Yes, online marketplaces and e-commerce operators selling Oil-Cake And Other Solid Residues, Whether Or Not Ground Or In The Form Ofpellets, Resulting From The Extraction Ofvegetable Fats Or Oils, Other Than Thoseof Heading 2304 Or 2305 - Of Cotton Seeds : Oil-Cake And Oil-Cake Meal, Decorticated Expeller Variety must mention HSN Code 23061010 on invoices. This Residues And Waste From The F classification applies to all sales channels under Chapter 23.
For company registration, you need identity proof, address proof, and registered office documents. Once registered, apply for GST registration to start trading in Oil-Cake And Other Solid Residues, Whether Or Not Ground Or In The Form Ofpellets, Resulting From The Extraction Ofvegetable Fats Or Oils, Other Than Thoseof Heading 2304 Or 2305 - Of Cotton Seeds : Oil-Cake And Oil-Cake Meal, Decorticated Expeller Variety under HSN 23061010.
GST rates for Oil-Cake And Other Solid Residues, Whether Or Not Ground Or In The Form Ofpellets, Resulting From The Extraction Ofvegetable Fats Or Oils, Other Than Thoseof Heading 2304 Or 2305 - Of Cotton Seeds : Oil-Cake And Oil-Cake Meal, Decorticated Expeller Variety and other Residues And Waste From The F products under Chapter 23 may change through GST Council recommendations. Monitor official notifications to stay updated on Nil, Nil, and Nil revisions.
