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Published on:
February 25, 2023
By
Harshini

Understanding GST Rates and HSN Code for Extracts, Essences, Concentrates, Coffee, Tea, Mate

As an Indian small or medium business owner, it is important to stay up-to-date with the Goods and Services Tax (GST) rates and Harmonized System of Nomenclature (HSN) codes for your products. In this article, we will discuss the GST rates and HSN code for extracts, essences, concentrates, coffee, tea, and mate.

GST Rates for Extracts, Essences, Concentrates, Coffee, Tea, Mate

The GST rates for extracts, essences, concentrates, coffee, tea, and mate vary depending on the product. Here is a breakdown of the GST rates:

1. Tea and Coffee: 5%

2. Mate: 5%

3. Extracts, Essences and Concentrates:

4. Flavoring Essence: 18%

5. Other than Flavoring Essence: 12%

It is important to note that if you are a small business owner with an annual turnover of less than Rs. 20 lakhs, you are exempted from paying GST.

HSN Code for Extracts, Essences, Concentrates, Coffee, Tea, Mate

HSN code is a 6-digit code that identifies goods for taxation purposes. Here are the HSN codes for extracts, essences, concentrates, coffee, tea, and mate:

1. Tea and Coffee: 0901

2. Mate: 0903

3. Extracts, Essences and Concentrates:

4. Flavoring Essence: 3302

5. Other than Flavoring Essence: 2101

Conclusion

As a business owner, it is important to understand the GST rates and HSN codes for your products. Knowing these rates and codes will help you comply with the GST law and avoid any penalties.

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