Miscellaneous edible preparations fall under Chapter 21 of the GST Act. The rate of GST on these products varies depending on the type of product and its HSN code. In this article, we will take a closer look at the GST rate and HSN code for miscellaneous edible preparations.Firstly, let's understand what is meant by miscellaneous edible preparations. This category includes items such as custard powder, baking powder, yeast, extracts, essences, and concentrates used for making beverages. It also includes food preparations that are not elsewhere classified, such as nutritional bars, protein powders, and meal replacements.Now, let's take a look at the GST rate for these products.
The GST rate for miscellaneous edible preparations is 18%. This is the standard rate applicable to most goods and services. However, there are some exceptions to this rule.For example, the GST rate on custard powder is 5%. This is because custard powder is classified as a food preparation that is consumed as a dessert or sweet. Similarly, the GST rate on baking powder is also 5%.On the other hand, the GST rate on nutritional bars, protein powders, and meal replacements is 12%. This is because these products are classified as food supplements and not as food preparations. The 12% GST rate is applicable to all food supplements.
Now, let's move on to the HSN code for miscellaneous edible preparations. The HSN code for these products is 2106. This code is applicable to all food preparations that are not specifically classified under a different HSN code.It is important to note that the HSN code for a particular product may differ based on its composition, use, and packaging. Therefore, it is important to verify the correct HSN code for each item to ensure accurate GST calculation.In conclusion, the GST rate and HSN code for miscellaneous edible preparations are important information for any business involved in the manufacture or sale of these products. While the standard GST rate of 18% applies to most products in this category, it is important to understand the exceptions and variations based on the type of product and its HSN code.
Keeping this in mind can help businesses stay compliant with GST regulations and avoid any penalties or fines. This article provides detailed information on the GST rate and HSN code for miscellaneous edible preparations falling under Chapter 21 of the GST Act. The rate of GST on these products varies depending on their type and HSN code, and it is important for businesses to understand the exceptions and variations to stay compliant with GST regulations. Business, Finance GST, Taxation
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