Within Chapter 23 – Residues And Waste From The F, HSN Code 23061020 serves as the official classification 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, Solvent Extra.... This code determines tax rates and compliance obligations for all entities 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, Solvent Extra.... CGST applies at Nil, SGST/UTGST at Nil for local transactions, and IGST at Nil for interstate supplies. Measurement is standardized in 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 23061020
Goods classified as 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, Solvent Extra... under HSN 23061020 are taxed based on transaction type. Local sales attract CGST at Nil plus SGST/UTGST at Nil. For supplies crossing state boundaries, IGST at Nil applies. Documentation must reflect N.a as the measurement standard for Chapter 23 – Residues And Waste From The F products.
Who Should Use HSN Code 23061020?
Any business engaged in 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, Solvent Extra... must apply HSN 23061020 on invoices. The Residues And Waste From The F category under Chapter 23 requires this classification for wholesalers, retailers, exporters, and online marketplaces alike.
Business Registration Requirements
Looking to deal 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, Solvent Extra...? GST registration is your first compliance requirement for HSN 23061020 goods. International traders in Residues And Waste From The F 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
Using HSN Code 23061020 accurately 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, Solvent Extra... avoids compliance issues and facilitates credit claims. Monitor changes to Nil, Nil, and Nil rates for Chapter 23 – Residues And Waste From The F to maintain accurate filings and smooth business operations.
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, Solvent Extra... under HSN 23061020 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, Solvent Extra... must mention HSN Code 23061020 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, Solvent Extra... under HSN 23061020.
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, Solvent Extra... 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.
