Chapter 23 of the GST framework covers Residues And Waste From The F, and HSN Code 23069018 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 - Other : Oil-Cake And Oil-Cake Meal, Expeller Variety : Of Neem Seeds 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 - Other : Oil-Cake And Oil-Cake Meal, Expeller Variety : Of Neem Seeds. 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 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 23069018
The taxation 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 - Other : Oil-Cake And Oil-Cake Meal, Expeller Variety : Of Neem Seeds under HSN Code 23069018 depends on supply location. Intrastate transactions require CGST at 2.50% and SGST/UTGST at 2.50%. Interstate supplies are charged IGST at 5.00%. Invoices should consistently use kg. for Residues And Waste From The F goods under Chapter 23.
Who Should Use HSN Code 23069018?
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 - Other : Oil-Cake And Oil-Cake Meal, Expeller Variety : Of Neem Seeds must apply HSN 23069018 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
Planning to trade 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 - Other : Oil-Cake And Oil-Cake Meal, Expeller Variety : Of Neem Seeds? Complete GST registration to legally collect taxes on goods under HSN 23069018. Businesses importing or exporting Residues And Waste From The F 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
Correct HSN Code 23069018 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 - Other : Oil-Cake And Oil-Cake Meal, Expeller Variety : Of Neem Seeds ensures smooth input credit utilization and assessment processes. Track 2.50%, 2.50%, and 5.00% rate changes for Chapter 23 – Residues And Waste From The F through official notifications for continuous compliance.
Frequently Asked Questions (FAQs)
HSN Code 23069018 is used to classify 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 - Other : Oil-Cake And Oil-Cake Meal, Expeller Variety : Of Neem Seeds under Chapter 23 – Residues And Waste From The F for GST purposes. Businesses must mention this code on invoices to ensure correct tax calculation and compliance.
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 - Other : Oil-Cake And Oil-Cake Meal, Expeller Variety : Of Neem Seeds, CGST applies at 2.50% and SGST/UTGST at 2.50% for intrastate supplies. Interstate transactions are taxed under IGST at 5.00%.
Yes, GST registration is mandatory for businesses dealing 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 - Other : Oil-Cake And Oil-Cake Meal, Expeller Variety : Of Neem Seeds under HSN 23069018. This enables you to legally collect taxes and claim input credits on purchases.
For importing goods under Residues And Waste From The F, you need GST registration along with an Import Export Code. Exporters should also obtain AD Code registration for processing international payments.
