Within Chapter 4 – Dairy Produce; Birds? Eggs; N, HSN Code 4059020 serves as the official classification for Butter And Other Fats And Oils Derived From Milk; Dairy Spreads Other Ghee. This code determines tax rates and compliance obligations for all entities trading in Butter And Other Fats And Oils Derived From Milk; Dairy Spreads Other Ghee. CGST applies at 6.00%, SGST/UTGST at 6.00% for local transactions, and IGST at 12.00% for interstate supplies. Measurement is standardized in 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... | 4012000 | Milk And Cream-Fat Content, By Weight >1% <= 6% | 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% |
GST Rates for HSN 4059020
The tax structure for Butter And Other Fats And Oils Derived From Milk; Dairy Spreads Other Ghee under HSN Code 4059020 follows a dual taxation model. CGST is levied at 6.00% and SGST/UTGST at 6.00% for intrastate sales. Interstate transactions attract IGST at 12.00%. All invoices must record quantities in kg. as the standard measurement for goods under Chapter 4 – Dairy Produce; Birds? Eggs; N.
Who Should Use HSN Code 4059020?
All businesses supplying Butter And Other Fats And Oils Derived From Milk; Dairy Spreads Other Ghee are obligated to use HSN 4059020 on tax invoices. From producers to retailers within Dairy Produce; Birds? Eggs; N, Chapter 4 classification ensures uniform tax treatment. This requirement applies regardless of turnover or business model.
Business Registration Requirements
Planning to trade in Butter And Other Fats And Oils Derived From Milk; Dairy Spreads Other Ghee? Complete GST registration to legally collect taxes on goods under HSN 4059020. Businesses importing or exporting Dairy Produce; Birds? Eggs; N 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 4059020 application for Butter And Other Fats And Oils Derived From Milk; Dairy Spreads Other Ghee ensures smooth input credit utilization and assessment processes. Track 6.00%, 6.00%, and 12.00% rate changes for Chapter 4 – Dairy Produce; Birds? Eggs; N through official notifications for continuous compliance.
Frequently Asked Questions (FAQs)
How many digits of HSN Code 4059020 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 4059020 for accurate classification of Butter And Other Fats And Oils Derived From Milk; Dairy Spreads Other Ghee.
Can I claim input tax credit on Butter And Other Fats And Oils Derived From Milk; Dairy Spreads Other Ghee purchases?
Yes, registered businesses can claim input tax credit on Butter And Other Fats And Oils Derived From Milk; Dairy Spreads Other Ghee purchases made under HSN 4059020. Ensure your supplier mentions correct HSN code and GST rates (6.00%, 6.00%) on the invoice.
What is the difference between CGST and IGST for HSN 4059020?
CGST at 6.00% plus SGST/UTGST at 6.00% applies when Butter And Other Fats And Oils Derived From Milk; Dairy Spreads Other Ghee is sold within the same state. IGST at 12.00% is charged when goods move across state borders or are imported.
Is Import Export Code necessary for trading Butter And Other Fats And Oils Derived From Milk; Dairy Spreads Other Ghee domestically?
No, Import Export Code is only required if you plan to import or export Butter And Other Fats And Oils Derived From Milk; Dairy Spreads Other Ghee internationally. For domestic trade within Dairy Produce; Birds? Eggs; N, GST registration is sufficient.
