Chapter 6 of the GST framework covers Vegetable Products, and HSN Code 6031500 specifically identifies Lilies (Lilium Spp.) for taxation purposes. This classification is mandatory for all businesses engaged in the supply of Lilies (Lilium Spp.). Tax rates applicable include CGST at Nil, SGST/UTGST at Nil, and IGST at Nil for interstate movements. The standard unit of measurement is kg..
HSN Codes under Chapter 6 – Vegetable Products
Below are related HSN codes from Chapter 6 – Vegetable Products for your reference:
| Chapter | HSN Code | Description | CGST | SGST/UTGST | IGST |
|---|---|---|---|---|---|
| Vegetable Products... | 6011000 | Bulbs, Tubers, Tuberous Roots, Corms, Crowns And R... | Nil | Nil | Nil |
| Vegetable Products... | 6012010 | Bulbs, Tubers, Tuberous Roots, Corms, Crowns And R... | Nil | Nil | Nil |
| Vegetable Products... | 6012021 | Bulbs, Tubers, Tuberous Roots, Corms, Crowns And R... | Nil | Nil | Nil |
| Vegetable Products... | 6012022 | Bulbs, Tubers, Tuberous Roots, Corms, Crowns And R... | Nil | Nil | Nil |
| Vegetable Products... | 6012090 | Bulbs, Tubers, Tuberous Roots, Corms, Crowns And R... | Nil | Nil | Nil |
| Vegetable Products... | 6021000 | Other Live Plants (Including Their Roots), Cutting... | Nil | Nil | Nil |
| Vegetable Products... | 6022010 | Other Live Plants (Including Their Roots), Cutting... | Nil | Nil | Nil |
| Vegetable Products... | 6022020 | Other Live Plants (Including Their Roots), Cutting... | Nil | Nil | Nil |
| Vegetable Products... | 6022090 | Other Live Plants (Including Their Roots), Cutting... | Nil | Nil | Nil |
| Vegetable Products... | 6023000 | Other Live Plants (Including Their Roots), Cutting... | Nil | Nil | Nil |
GST Rates for HSN 6031500
Goods classified as Lilies (Lilium Spp.) under HSN 6031500 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 kg. as the measurement standard for Chapter 6 – Vegetable Products products.
Who Should Use HSN Code 6031500?
Any business engaged in supplying Lilies (Lilium Spp.) must apply HSN 6031500 on invoices. The Vegetable Products category under Chapter 6 requires this classification for wholesalers, retailers, exporters, and online marketplaces alike.
Business Registration Requirements
Entering the Lilies (Lilium Spp.) market requires essential registrations. GST registration enables legal tax collection on HSN 6031500 goods. For cross-border trade in Vegetable Products items, secure an Import Export Code. Exporters additionally need AD Code registration for bank processing. Begin with company registration to establish your business entity.
Why Correct Classification Matters
Correct HSN Code 6031500 application for Lilies (Lilium Spp.) ensures smooth input credit utilization and assessment processes. Track Nil, Nil, and Nil rate changes for Chapter 6 – Vegetable Products through official notifications for continuous compliance.
Frequently Asked Questions (FAQs)
What is HSN Code 6031500 used for?
HSN Code 6031500 is used to classify Lilies (Lilium Spp.) under Chapter 6 – Vegetable Products for GST purposes. Businesses must mention this code on invoices to ensure correct tax calculation and compliance.
What are the GST rates applicable on HSN 6031500?
For Lilies (Lilium Spp.), CGST applies at Nil and SGST/UTGST at Nil for intrastate supplies. Interstate transactions are taxed under IGST at Nil.
Do I need GST registration to trade in Lilies (Lilium Spp.)?
Yes, GST registration is mandatory for businesses dealing in Lilies (Lilium Spp.) under HSN 6031500. This enables you to legally collect taxes and claim input credits on purchases.
What registrations are required for importing Lilies (Lilium Spp.)?
For importing goods under Vegetable Products, you need GST registration along with an Import Export Code. Exporters should also obtain AD Code registration for processing international payments.
