GST Rates HSN Code 1003 - Barley

Barley is one of the most widely grown cereals in the world, and it has been cultivated for thousands of years. It is a versatile grain that is used for human consumption, animal feed, and even in the production of beverages such as beer and whisky. In India, Barley is primarily grown in the Northern states like Punjab, Haryana, and Uttar Pradesh, and it is an essential crop for farmers.

Barley is classified under HSN code 1003 and is subject to GST. The GST rates for Barley vary depending on the form in which it is sold and the purpose it is used for.

GST Rates for Barley

The GST rates for Barley are as follows:

5% GST is applicable on Barley grain.
12% GST is applicable on Barley flour.
18% GST is applicable on Barley malt.

It is important to note that if a product contains Barley as an ingredient, the GST rate will depend on the primary function of the product. For example, if Barley is used in the production of beer, the GST rate will be 18%, which is the rate applied to Barley malt.

HSN Code for Barley

The HSN code for Barley is 1003. This code is used to classify goods for taxation purposes, and it is essential for businesses to know the correct HSN code for their products to avoid any issues with tax authorities.

Conclusion

Barley is an essential crop for farmers in India, and it is subject to GST under HSN code 1003. The GST rates for Barley vary depending on the form in which it is sold and the primary function of the product. It is crucial for businesses to know the correct HSN code for their products to avoid any issues with tax authorities.