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Published on:
February 25, 2023
By
Prudhvi Raj

GST Rates and HSN Code for Chocolate and Other Food Preparations Containing Cocoa

Chocolate and other food preparations containing cocoa are widely popular in India. These products are subject to GST, and business owners need to know the correct rates and HSN codes to avoid any confusion or errors. In this article, we will discuss in detail the GST rates and HSN codes for chocolate and other food preparations containing cocoa.

What is GST?

GST, or Goods and Services Tax, is an indirect tax that applies to the sale of goods and services. It was introduced in India on July 1, 2017, with the aim of creating a unified market across the country. Under GST, all goods and services are classified into different tax brackets based on their HSN codes.

What are HSN codes?

HSN codes, or Harmonized System of Nomenclature codes, are a set of numbers that are used to classify goods under GST. The HSN code for a product is a unique identifier that helps in determining the applicable GST rate for that product.

GST rates for chocolate and other food preparations containing cocoa

The GST rates for chocolate and other food preparations containing cocoa vary depending on the type and quantity of the product. Here are the GST rates for different categories of chocolate and other food preparations containing cocoa:

1. Chocolate and other food preparations containing cocoa, with or without added sugar or sweeteners: 18%

2. Chocolates and chocolate products, including chocolate candies, bars, and other chocolate confectionery: 28%

3. Other food preparations containing cocoa, such as chocolate spreads and cocoa powder: 28%

It is important to note that the GST rates for these products are subject to change, and business owners should check the latest rates before making a sale.

HSN codes for chocolate and other food preparations containing cocoa

HSN codes for chocolate and other food preparations containing cocoa are as follows:

1. Chocolate and other food preparations containing cocoa, with or without added sugar or sweeteners: HSN code - 1806

2. Chocolates and chocolate products, including chocolate candies, bars, and other chocolate confectionery: HSN code - 1806 31

3. Other food preparations containing cocoa, such as chocolate spreads and cocoa powder: HSN code - 1806 90

Business owners should ensure that they use the correct HSN codes while filing their GST returns to avoid any penalties or fines.

Conclusion

In conclusion, chocolate and other food preparations containing cocoa are subject to GST, and business owners should be aware of the correct GST rates and HSN codes for these products. The GST rates for these products vary depending on the type and quantity of the product, and the HSN codes are used to classify these products under GST. Business owners should ensure that they use the correct GST rates and HSN codes while filing their GST returns to avoid any penalties or fines.

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Updated on:
March 16, 2024