GST Rates and HSN Code for Other Animal Fats and Oils

As a business owner or startup founder in India, it's important to understand the various GST rates and HSN codes for the products you sell. In this article, we'll be focusing on Other Animal Fats and Oils, and breaking down the applicable GST rates and HSN codes.

What are Other Animal Fats and Oils?

Other Animal Fats and Oils are fats and oils that come from animals other than pigs, cows, sheep, or goats. These fats and oils are used in a variety of industries, from food processing to pharmaceuticals.

GST Rates for Other Animal Fats and Oils

The GST rates for Other Animal Fats and Oils are as follows:

1. 5% for Animal Fats and Oils, including fish fats and oils, and their fractions

2. 18% for Animal or vegetable fats and oils and their cleavage products; prepared animal fats; animal or vegetable waxes

Examples of products in each category:

1. 5% GST rate: Fish oil, lard, tallow

2. 18% GST rate: Butter, ghee, margarine

HSN Code for Other Animal Fats and Oils

The HSN code for Other Animal Fats and Oils is 1506.

Breakdown of the HSN Code:

1. 15:Chapter - 15

2. 06: Heading - 06

3. 00: Sub-Heading - 00

4. 00: Tariff Item - 00

Examples of products under HSN Code 1506:

1. Other animal fats and oils (including lard oil, oleostearin, tallow oil, fish oil, and their fractions)

2. Animal fats and oils and their fractions, partly or wholly hydrogenated, inter-esterified, re-esterified or elaidinised, whether or not refined, but not further prepared

Conclusion

It's important for small and medium business owners and startup founders to stay up-to-date with GST rates and HSN codes for the products they sell. In the case of Other Animal Fats and Oils, the applicable GST rate is either 5% or 18%, and the HSN code is 1506.