COLOURING MATTER OF VEGETABLE ANIMAL ORIGIN - GST RATES HSN CODE 3203

Colouring matter of vegetable or animal origin is an important category of products that are subject to GST rates and HSN codes in India. The HSN code for this product category is 3203, which includes natural dyes and pigments, as well as synthetic organic pigments.

The GST rates for colouring matter of vegetable or animal origin are as follows:

5% GST: This rate applies to natural dyes and pigments, including indigo, woad, and other plant-based colouring materials.
18% GST: This rate applies to synthetic organic pigments, including azo dyes and phthalocyanine pigments.

It is important to note that these rates apply to both raw materials and finished products that contain colouring matter of vegetable or animal origin. Small and medium-sized business owners and startup founders operating in this product category should be aware of these rates to ensure compliance with GST regulations.

The HSN code 3203 covers a wide range of products, including:

Natural dyes and pigments, including those derived from plant-based sources such as roots, leaves, and berries.
Synthetic organic pigments, including those used in paints, inks, and other industrial applications.
Colouring matter for food, including natural food colouring agents and synthetic food colouring agents.
Colouring matter for textiles, including natural and synthetic dyes and pigments used in the production of fabrics and clothing.

It is important for business owners in this category to accurately classify their products under the correct HSN code to ensure proper tax treatment. Failure to do so can result in penalties and other legal consequences.

In conclusion, understanding the GST rates and HSN code for colouring matter of vegetable or animal origin is essential for small and medium-sized business owners and startup founders in India. By knowing the applicable rates and codes, businesses can ensure compliance with GST regulations and avoid penalties and legal consequences.