The Goods and Services Tax (GST) is a comprehensive indirect tax that replaced several taxes levied on goods and services in India. GST rates and HSN codes are essential for determining the tax levied on various products, including dairy produce, bird eggs, natural honey, and edible products of animal origin.Chapter 4 of the GST tariff deals with the above-mentioned goods. In this chapter, the GST Council has classified goods based on their HSN codes.
The HSN code for dairy produce is 0401, and the GST rate is 5%. This rate is also applicable to products such as milk, cream, butter, cheese, and other milk products. Birds eggs fall under the HSN code 0407, and the applicable GST rate is 5%. Natural honey and honeycomb fall under HSN code 0409, and the applicable GST rate is 5%.Edible products of animal origin, not elsewhere specified or included, fall under HSN code 0511. The applicable GST rate for these products is 5%. This category includes products such as animal fats and oils, lard, tallow, and other animal products. It is essential to note that the GST rates and HSN codes are subject to change as per the GST council's notification. Therefore, business owners dealing with these products must keep themselves updated with the latest rates and codes to avoid any penalty or legal issues.
In conclusion, the GST rates and HSN codes for dairy produce, bird eggs, natural honey, and edible products of animal origin are critical for determining the tax levied on these products. Business owners dealing with these products must comply with the GST regulations and keep themselves updated with the latest rates and codes to avoid any legal issues.
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