GST Rates and HSN Code for Mushrooms in India

Are you looking to start a mushroom farming business or trading mushrooms in India? If so, it’s important to know the GST rates and HSN code for mushrooms. In this article, we’ll guide you through everything you need to know.

What is GST?

GST stands for Goods and Services Tax. It is a tax reform initiative introduced by the Indian Government in 2017. GST is a destination-based tax that is levied on the value of goods and services consumed in India. GST has replaced multiple indirect taxes that were levied by the Central and State Governments, such as Excise Duty, Service Tax, Value Added Tax (VAT), etc.

GST Rates for Mushrooms

Mushrooms are classified as a vegetable under GST. The GST rate for mushrooms is 5%. This rate is applicable to both fresh and preserved mushrooms, including canned and frozen mushrooms. This rate is applicable across India and is the same for all states.

HSN Code for Mushrooms

HSN stands for Harmonized System of Nomenclature. It is a system of classification of goods developed by the World Customs Organization (WCO). HSN code is used to classify goods for taxation purposes. The HSN code for fresh or chilled mushrooms is 07095100. The HSN code for dried mushrooms is 07123990.

Documents Required for GST Registration

If you’re starting a mushroom farming business or trading mushrooms, you need to register for GST. Here are the documents required for GST registration:

1. PAN card of the business or individual

2. Proof of business registration or incorporation certificate

3. Identity and address proof of the business owner or authorized signatory

4. Bank account statement or cancelled cheque

5. Proof of business premises, such as rent agreement or property ownership documents

6. Authorisation letter and ID proof of the authorised signatory

Conclusion

Knowing the GST rates and HSN code for mushrooms is essential if you want to start a mushroom farming business or trading mushrooms in India. The GST rate for mushrooms is 5%, and the HSN code for fresh or chilled mushrooms is 07095100, and the HSN code for dried mushrooms is 07123990. Make sure you have all the necessary documents required for GST registration before you start your business.