Chapter 4 of the GST framework covers Dairy Produce; Birds? Eggs; N, and HSN Code 4012000 specifically identifies Milk And Cream-Fat Content, By Weight >1% <= 6% for taxation purposes. This classification is mandatory for all businesses engaged in the supply of Milk And Cream-Fat Content, By Weight >1% <= 6%. Tax rates applicable include CGST at Nil/2.5%, SGST/UTGST at Nil/2.5%, and IGST at Nil/5% for interstate movements. The standard unit of measurement is kg..

HSN Codes under Chapter 4 – Dairy Produce; Birds? Eggs; N

Below are related HSN codes from Chapter 4 – Dairy Produce; Birds? Eggs; N for your reference:

Chapter HSN Code Description CGST SGST/UTGST IGST
Dairy Produce; Birds? Eggs; N... 4011000 Milk And Cream-Fat Content, By Weight, <= 1% Nil/2.5% Nil/2.5% Nil/5%
Dairy Produce; Birds? Eggs; N... 4014000 Milk And Cream, Not Concentrated Nor Containing Ad... Nil/2.5% Nil/2.5% Nil/5%
Dairy Produce; Birds? Eggs; N... 4015000 Milk And Cream, Not Concentrated Nor Containing Ad... Nil/2.5% Nil/2.5% Nil/5%
Dairy Produce; Birds? Eggs; N... 4021010 Milk And Cream, Concentrated Or Containing Added S... 2.50% 2.50% 5.00%
Dairy Produce; Birds? Eggs; N... 4021020 Milk And Cream, Concentrated Or Containing Added S... 2.50% 2.50% 5.00%
Dairy Produce; Birds? Eggs; N... 4021090 Milk And Cream, Concentrated Or Containing Added S... 0.025 0.025 0.05
Dairy Produce; Birds? Eggs; N... 4022100 Milk And Cream, Concentrated Or Containing Added S... 0.025 0.025 0.05
Dairy Produce; Birds? Eggs; N... 4022910 Milk And Cream, Concentrated Or Containing Added S... 2.50% 2.50% 5.00%
Dairy Produce; Birds? Eggs; N... 4022920 Milk And Cream, Concentrated Or Containing Added S... 2.50% 2.50% 5.00%
Dairy Produce; Birds? Eggs; N... 4022990 Milk And Cream, Concentrated Or Containing Added S... 0.025 0.025 0.05

GST Rates for HSN 4012000

The taxation of Milk And Cream-Fat Content, By Weight >1% <= 6% under HSN Code 4012000 depends on supply location. Intrastate transactions require CGST at Nil/2.5% and SGST/UTGST at Nil/2.5%. Interstate supplies are charged IGST at Nil/5%. Invoices should consistently use kg. for Dairy Produce; Birds? Eggs; N goods under Chapter 4.

Who Should Use HSN Code 4012000?

Any business engaged in supplying Milk And Cream-Fat Content, By Weight >1% <= 6% must apply HSN 4012000 on invoices. The Dairy Produce; Birds? Eggs; N category under Chapter 4 requires this classification for wholesalers, retailers, exporters, and online marketplaces alike.

Business Registration Requirements

Looking to deal in Milk And Cream-Fat Content, By Weight >1% <= 6%? GST registration is your first compliance requirement for HSN 4012000 goods. International traders in Dairy Produce; Birds? Eggs; N 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

Accurate HSN Code 4012000 usage for Milk And Cream-Fat Content, By Weight >1% <= 6% simplifies reconciliation and protects against penalties. Keep current with Nil/2.5%, Nil/2.5%, and Nil/5% updates for Chapter 4 – Dairy Produce; Birds? Eggs; N to ensure ongoing compliance.

Frequently Asked Questions (FAQs)

How many digits of HSN Code 4012000 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 4012000 for accurate classification of Milk And Cream-Fat Content, By Weight >1% <= 6%.

Can I claim input tax credit on Milk And Cream-Fat Content, By Weight >1% <= 6% purchases?

Yes, registered businesses can claim input tax credit on Milk And Cream-Fat Content, By Weight >1% <= 6% purchases made under HSN 4012000. Ensure your supplier mentions correct HSN code and GST rates (Nil/2.5%, Nil/2.5%) on the invoice.

What is the difference between CGST and IGST for HSN 4012000?

CGST at Nil/2.5% plus SGST/UTGST at Nil/2.5% applies when Milk And Cream-Fat Content, By Weight >1% <= 6% is sold within the same state. IGST at Nil/5% is charged when goods move across state borders or are imported.

Is Import Export Code necessary for trading Milk And Cream-Fat Content, By Weight >1% <= 6% domestically?

No, Import Export Code is only required if you plan to import or export Milk And Cream-Fat Content, By Weight >1% <= 6% internationally. For domestic trade within Dairy Produce; Birds? Eggs; N, GST registration is sufficient.

More HSN codes from Chapter 4

Back to Top