HSN means the Harmonized System of Nomenclature code used for classifying goods under GST. This classification is used in Customs, Central Excise and Foreign Trade Policy. The use of HSN codes is to make GST systematic and globally accepted. GST Rates and HSN codes for Fats, Oils & Waxes their Fractions are mentioned in chapter 34.
The table given below comprises of the GST rates and HSN codes for Fats, Oils & Waxes their Fractions.
|
HSN Code |
Description |
Rate (%) |
Effective From |
CESS (%) |
Related Export / Import HSN Code |
|
1503 |
Lard stearin, lard oil, oleo stearin, oleo-oil and tallow oil, not emulsified or mixed or otherwise prepared |
12 |
28/06/2017 |
15030000 |
|
|
1501 |
Pig fats (including lard) and poultry fat, other than that of heading 0209 or 1503 |
12 |
28/06/2017 |
15011000, 15012000, 15019000 |
|
|
1502 |
Fats of bovine animals, sheep or goats, other than those of heading 1503 |
12 |
28/06/2017 |
15021010, 15021090, 15029010, 15029020, 15029090 |
|
|
1504 |
Fats and oils and their fractions, of fish or marine mammals, whether or not refined, but not chemically modified |
12 |
28/06/2017 |
15041010, 15041091, 15041099, 15042010, 15042020, 15042030, 15042090, 15043000 |
|
|
1505 |
Wool grease and fatty substances derived therefrom (including lanolin) |
12 |
28/06/2017 |
15050010, 15050020, 15050090 |
|
|
1506 |
Other animal fats and oils and their fractions, whether or not refined, but not chemically modified |
12 |
28/06/2017 |
15060010, 15060090 |
|
|
1507 |
Soya-bean oil and its fractions, whether or not refined, but not chemically modified |
5 |
28/06/2017 |
15071000, 15079010, 15079090 |
|
|
1508 |
Ground-nut oil and its fractions, whether or not refined, but not chemically modified. |
5 |
28/06/2017 |
15081000, 15089010, 15089091, 15089099 |
|
|
1509 |
Olive oil and its fractions, whether or not refined, but not chemically modified. |
5 |
28/06/2017 |
15091000, 15099010, 15099090 |
|
|
1510 |
Other oils and their fractions, obtained solely from olives, whether or not refined, but not chemically modified, including blends of these oils or fractions with oils or fractions of heading 1509 |
5 |
28/06/2017 |
15100010, 15100091, 15100099 |
|
|
1511 |
Palm oil and its fractions, whether or not refined, but not chemically modified. |
5 |
28/06/2017 |
15111000, 15119010, 15119020, 15119090 |
|
|
1512 |
Sunflower-seed, safflower or cotton-seed oil and fractions thereof, whether or not refined, but not chemi- cally modified. |
5 |
28/06/2017 |
15121110, 15121120, 15121910, 15121920, 15121930, 15121940, 15121990, 15122100, 15122910, 15122990 |
|
|
1513 |
Coconut (copra), palm kernel or babassu oil and fractions thereof, whether or not refined, but not chemically modified. |
5 |
28/06/2017 |
15131100, 15131900, 15132110, 15132120, 15132910, 15132920, 15132930, 15132990 |
|
|
1514 |
Rape, colza or mustard oil and fractions thereof, whether or not refined, but not chemically modified. |
5 |
28/06/2017 |
15141110, 15141120, 15141190, 15141910, 15141920, 15141990, 15149110, 15149120, 15149190, 15149910, 15149920, 15149990 |
|
|
1515 |
Other fixed vegetable fats and oils (including jojoba oil) and their fractions, whether or not refined, but not chemically modified. |
5 |
28/06/2017 |
15151100, 15151910, 15151990, 15152100, 15152910, 15152990, 15153010, 15153090, 15155010, 15155091, 15155099, 15159010, 15159020, 15159030, 15159040, 15159091, 15159099 |
|
|
1516 |
Vegetable fats and oils and their fractions, partly or wholly hydrogenated, inter-esterified, re-esterified or elaidinised, whether or not refined, but not further prepared. |
5 |
28/06/2017 |
15161000, 15162011, 15162019, 15162021, 15162029, 15162031, 15162039, 15162091, 15162099 |
|
|
1516 |
Animal fats and oils and their fractions, partly or wholly hydrogenated, inter-esterified, re-esterified or elaidinised, whether or not refined, but not further prepared. |
12 |
28/06/2017 |
15161000, 15162011, 15162019, 15162021, 15162029, 15162031, 15162039, 15162091, 15162099 |
|
|
1517 |
Edible mixtures or preparations of vegetable fats or vegetable oils or of fractions of different vegetable fats or vegetable oils of this Chapter, other than edible fats or oils or their fractions of heading 1516 |
5 |
28/06/2017 |
15171010, 15171021, 15171022, 15171029, 15179010, 15179020, 15179030, 15179040, 15179090 |
|
|
1517 |
Edible mixtures or preparations of animal fats or animal oils or of fractions of different animal fats or animal oils of this Chapter, other than edible fats or oils or their fractions of heading 1516 |
12 |
28/06/2017 |
15171010, 15171021, 15171022, 15171029, 15179010, 15179020, 15179030, 15179040, 15179090 |
|
|
1518 |
Vegetable fats and oils and their fractions, boiled, oxidised, dehydrated, sulphurised, blown, polymerised by heat in vacuum or in inert gas or otherwise chemically modified, excluding those of heading 1516 |
5 |
28/06/2017 |
15180011, 15180019, 15180021, 15180029, 15180031, 15180039, 15180040 |
|
|
1518 |
Animal fats and animal oils and their fractions, boiled, oxidised, dehydrated, sulphurised, blown, polymerised by heat in vacuum or in inert gas or otherwise chemically modified, excluding those of heading 1516; inedible mixtures or preparations of animal or vegetable fats or oils or of fractions of different fats or oils of this chapter, not elsewhere speci- fied of included |
12 |
28/06/2017 |
15180011, 15180019, 15180021, 15180029, 15180031, 15180039, 15180040 |
|
|
1521 |
Vegetable waxes (other than tri- glycerides), Beeswax, other insect wax-es and spermaceti, whether or not refined or coloured |
18 |
28/06/2017 |
15211011, 15211019, 15211090, 15219010, 15219020, 15219090 |
|
|
1522 |
Degras, residues resulting from the treatment of fatty substances or an-imal or vegetable waxes |
18 |
28/06/2017 |
15220010, 15220020, 15220090 |
|
|
15200000 |
Glycerol, crude; glycerol waters and glycerol lyes |
18 |
28/06/2017 |
||
|
151710 |
All goods i.e. Margarine, Linoxyn |
18 |
28/06/2017 |
Disclaimer
The rates given in the above table are as per the 31st GST council meeting which was held on 22nd December 2018. Dissimilarities may be present due to the latest updates made by the government. Make sure to check the “Effective From” column.
FAQs
It is a mandatory requirement under GST to mention HSN/ SAC code in the GST invoice. HSN code is mandatory for all, except with a turnover of less than 1.5 Cr in a financial year and a taxpayer who has done GST Registration under the composition scheme.
5% of GST Rate is applicable on Olive oil and its fractions, whether or not refined, but not chemically modified as per the 31st GST council meeting which was held on 22nd December 2018.
5% of GST Rate is applicable on Ground-nut oil and its fractions, whether or not refined, but not chemically modified as per the 31st GST council meeting which was held on 22nd December 2018.
Hey @HarishMehta
From 1st April 2021, Taxpayers with an aggregate Annual Turnover of more than INR 5 Crore during the financial Year 2020-2021 have to mandatorily mention 6 digits of the HSN Code in all tax invoices.
Businesses with a turnover of up to INR 5 crore in the preceding financial year will be required to mandatorily furnish 4 digit HSN code on B2B invoices.
Hope this helps!
Hey @Dia_malhotra
Let’s take an example of Cocoa powder to calculate the GST using the HSN code.
Cocoa Powder per Kg = INR1,000.
HSN Code = 18 05 00 00
GST Rate = 18% (For Cocoa powder, not containing added sugar or sweetening matter)
Therefore, GST = INR180
Hope this helps!
Hey,
What are the consequences of not mentioning or incorrectly mentioning the HSN Code?
Hey @SonalYadav
It is very crucial to mention the correct HSN/ SAC Code on the tax invoices and Form GSTR-1, barring to do so may attract a penalty of INR 50,000 (INR 25,000 each for CGST and SGST) for non-mentioning or incorrect mention of wrong HSN/ SAC Code under Section 125 of the CGST Act.
Hope this helps!
Hey @Prasana_Srinivasan, this tool can help