Potatoes have been a staple food in India for centuries. They can be found in various forms, including flour, meal, powder, flakes, granules, and pellets. These potato products are used in a variety of dishes, from curries to snacks. However, when it comes to GST rates and HSN codes for these products, many small and medium business owners and startup founders are unsure. In this article, we will explore the GST rates and HSN codes for flour, meal, powder, flakes, granules, and pellets of potatoes.
First, let's define what GST rates and HSN codes are. GST stands for Goods and Services Tax, which is a tax levied on the sale of goods and services in India. HSN codes are a system of numbers used to classify goods and services for GST purposes.
Flour, meal, and powder of potatoes fall under HSN code 1105. The GST rate for these products is 5%. This includes potato flour, potato meal, and potato powder. These products are often used as a thickening agent in soups or as a gluten-free alternative to wheat flour in baking.
Flakes of potatoes fall under the same HSN code as flour, meal, and powder of potatoes (1105). The GST rate for potato flakes is also 5%. Potato flakes are often used to make potato chips, as well as in soups and stews.
Granules of potatoes fall under HSN code 1105 as well. However, the GST rate for potato granules is 12%. Potato granules are made by dehydrating cooked mashed potatoes, and they are often used as a base for instant mashed potatoes.
Pellets of potatoes fall under HSN code 1105, but with a different GST rate. The GST rate for potato pellets is 18%. Potato pellets are made by compressing mashed potatoes into small, pellet-shaped pieces. They are often used as a base for snack foods like potato chips and French fries.
In conclusion, the GST rates and HSN codes for flour, meal, powder, flakes, granules, and pellets of potatoes can be confusing. However, by understanding the HSN codes and GST rates for these products, small and medium business owners and startup founders can ensure that they are correctly charging and paying taxes on their products. This article explores the GST rates and HSN codes for flour, meal, powder, flakes, granules, and pellets of potatoes. By understanding these codes, small and medium business owners and startup founders can ensure that they are correctly charging and paying taxes on their potato products.
Income Tax Deductions List: A guide
Current Account: All you Need To Know About.
Friendly GST Provisions For A Tax Payer
