Gelatin is a protein substance derived from collagen that is widely used in the food industry. It is commonly used as a gelling agent in desserts, such as jelly and gummy candies, and as a stabilizer in yogurt and ice cream. It is also used in the pharmaceutical industry to make capsules and tablets.
As with all goods and services in India, Gelatin is subject to the Goods and Services Tax (GST). In this article, we will discuss the GST rates and HSN code for Gelatin.
The GST rates for Gelatin are as follows:
It is important to note that these rates may be subject to change. It is always advisable to check with a tax consultant or the GST website for the latest rates.
The HSN (Harmonized System of Nomenclature) code for Gelatin is 3503. This code is used to classify goods for taxation purposes. The HSN code for Gelatin is important when filing GST returns, as it is used to calculate the GST liability.
HSN code 3503 covers Gelatin (including gelatin derivatives), isinglass, fish glue and other animal glues, and prepared glues and adhesives.
Gelatin is a widely used substance in the food and pharmaceutical industries, and is subject to GST in India. The GST rates for Gelatin are 18% for Gelatin (including gelatin derivatives) and glues of animal origin, other than casein glue, and 12% for casein glue, prepared glues and other prepared adhesives. The HSN code for Gelatin is 3503, and is used to classify Gelatin for GST purposes. It is important to stay up-to-date with the latest GST rates and HSN codes to ensure compliance with the law.
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