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February 25, 2023
By
Prerna

Chicory Plants and Roots in India: Understanding GST Rates and HSN Code 6012

As a business owner or startup founder in India, it's important to understand the GST rates and HSN codes for the products you sell or manufacture. In this article, we'll focus specifically on chicory plants and roots, and how they are classified under the GST regime.

What are Chicory Plants and Roots?

Chicory plants belong to the family of daisy flowers, and are commonly grown in Europe, America, and Asia. The roots of the chicory plant are used to make a variety of products, including coffee substitutes, food supplements, and medicinal remedies. Chicory roots are known for their high fiber content, and are often used as a natural laxative.

HSN Code for Chicory Plants and Roots

Under the GST regime, chicory plants and roots are classified under HSN code 6012. This code falls under the category of "Vegetables, roots and tubers," and includes a range of other products such as potatoes, sweet potatoes, onions, and garlic.

GST Rates for Chicory Plants and Roots

The GST rates for chicory plants and roots depend on the specific product and its intended use. Here's a breakdown of the different rates:

1. Chicory roots, raw or cooked: 5%

2. Chicory plants, fresh or chilled: 0%

3. Chicory plants, dried: 5%

4. Chicory extract and concentrates: 18%

5. Chicory coffee substitutes: 18%

It's important to note that these rates may be subject to change, so always check with the latest GST notification before making any business decisions.

How to Determine the Correct HSN Code and GST Rate for Chicory Plants and Roots

If you're unsure of the correct HSN code and GST rate for your chicory product, you can use the GST portal's search function to look up the relevant code and rate. Alternatively, you can consult with a tax professional or chartered accountant to ensure you're following the correct procedures.

Conclusion

Chicory plants and roots are an important agricultural product in India, used in a range of industries from food and beverages to healthcare. By understanding the correct HSN code and GST rates for your chicory product, you can ensure your business is compliant with Indian tax laws and avoid any unnecessary penalties or fines. Always stay up-to-date with the latest GST notifications and regulations to ensure your business operates smoothly and efficiently.

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