GST Rate HSN Code for Albuminoidal Substances; Modified Starches; Glues; Enzymes - Chapter 35

India's complex tax system has undergone a significant overhaul with the introduction of the Goods and Services Tax (GST) in 2017. In this article, we will discuss the GST rate and HSN code for albuminoidal substances, modified starches, glues, and enzymes, which are classified under Chapter 35 of the GST tariff.

The GST Rate for Albuminoidal Substances, Modified Starches, Glues, and Enzymes

Albuminoidal substances, modified starches, glues, and enzymes fall under Chapter 35 of the GST tariff. The GST rate for these items is 18%.

Albuminoidal substances are a group of proteins that are derived from animal sources, such as collagen and gelatin. Modified starches are a type of starch that has been chemically or physically modified to enhance its properties. Glues are substances that are used to bond materials together, and enzymes are proteins that catalyze chemical reactions in living organisms.

The HSN Code for Albuminoidal Substances, Modified Starches, Glues, and Enzymes

The Harmonized System of Nomenclature (HSN) code is a standardized classification system used for the identification of goods worldwide. The HSN code for albuminoidal substances, modified starches, glues, and enzymes is 3501.

Under this code, albuminoidal substances, such as gelatin, are classified under subheading 3501.10. Modified starches, such as corn starch and potato starch, are classified under subheading 3505. Glues, such as adhesives, are classified under subheading 3506. Enzymes, such as amylase and protease, are classified under subheading 3507.

Conclusion

Albuminoidal substances, modified starches, glues, and enzymes are essential products used in a variety of industries, and it is essential for businesses to understand the GST rate and HSN code for these items to comply with India's tax laws. The GST rate for these items is 18%, and the HSN code for albuminoidal substances, modified starches, glues, and enzymes is 3501. By understanding the GST rate and HSN code for these items, businesses can ensure that they comply with India's tax laws, avoid penalties, and maintain their financial stability.