Apricots Cherries Peaches Plums Soles - GST Rates & HSN Code 809

As a small or medium business owner or a startup founder in India, it is important to understand the GST rates and HSN code for the products you sell. This article will focus on the GST rates and HSN code for Apricots, Cherries, Peaches, Plums, and Soles.

What is GST?

GST stands for Goods and Services Tax, which is an indirect tax levied on the supply of goods and services in India. It was introduced on July 1, 2017, and it replaced multiple indirect taxes such as excise duty, VAT, service tax, etc. GST is a destination-based tax, which means the tax is collected by the state where the goods or services are consumed.

What is HSN Code?

HSN stands for Harmonized System of Nomenclature, which is a six-digit code assigned to goods and services for classification purposes. It is used globally for the systematic classification of goods and services.

Apricots

Apricots fall under the category of fruits and the HSN code is 0813. The GST rate for fresh apricots is 0%, while the GST rate for dried apricots is 5%.

Cherries

Cherries also fall under the category of fruits and the HSN code is 0810. The GST rate for fresh cherries is 0%, while the GST rate for dried cherries is 5%.

Peaches

Peaches fall under the category of fruits and the HSN code is 0811. The GST rate for fresh peaches is 0%, while the GST rate for dried peaches is 5%.

Plums

Plums fall under the category of fruits and the HSN code is 0812. The GST rate for fresh plums is 0%, while the GST rate for dried plums is 5%.

Soles

Soles fall under the category of fish and the HSN code is 0302. The GST rate for fresh or chilled soles is 5%, while the GST rate for frozen or preserved soles is 18%.

It is important to note that these GST rates and HSN codes may be subject to change based on government regulations, so it is always best to stay up-to-date with the latest updates in order to avoid any legal issues.

Conclusion

Knowing the correct GST rates and HSN codes for the products you sell is essential for small and medium business owners and startup founders in India. It helps ensure that you are in compliance with the law and that you are charging the correct amount of tax to your customers.