Are you a small or medium business owner in India dealing with cinnamon? Do you need to know the GST rates and HSN code applicable for cinnamon? Look no further, as we have compiled all the necessary information for you here.
Cinnamon is a spice that is derived from the inner bark of several trees from the genus Cinnamomum. It is commonly used in cooking and baking and is known for its sweet and warm flavor.
Under the GST regime, cinnamon falls under the category of spices, which is taxed at 5%. This applies to all types of cinnamon, whether it is whole, ground, or in any other form.
The HSN code for cinnamon is 0906. This code is specifically for spices, and cinnamon falls under the sub-heading of "Cinnamon and Cinnamon-tree flowers".
It is important to ensure that you use the correct HSN code when filing your GST returns to avoid any penalties or fines.
Knowing the GST rates and HSN code for cinnamon is crucial for any small or medium business owner dealing with this spice. Ensure that you use the correct HSN code when filing your GST returns to avoid any unnecessary complications.
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