GST Rates and HSN Code for Other Vegetable Fats, Jojoba, Sesame Oil

India is a land of spices and oils. The country has a rich history of using different types of vegetable oils in cooking, skincare products, and various other applications. Out of all the vegetable oils, Other Vegetable Fats, Jojoba, and Sesame Oil are among the most popular ones.

GST Rates for Other Vegetable Fats, Jojoba, Sesame Oil

Under the Goods and Services Tax (GST) regime, all goods and services are classified based on the Harmonized System of Nomenclature (HSN) code. This system is used to levy taxes on goods and services based on their classification. Below are the GST rates and HSN code for Other Vegetable Fats, Jojoba, Sesame Oil:

HSN Code Description GST Rate1515Other Vegetable Fats and Oils (including jojoba oil) and their fractions, whether or not refined, but not chemically modified.18%1515Sesame oil and its fractions.5%

From the above table, it is evident that the GST rate for Other Vegetable Fats, including Jojoba oil, is 18%. On the other hand, the GST rate for Sesame oil and its fractions is 5%.

Other Vegetable Fats and Oils

Other Vegetable Fats and Oils include various types of oils that are derived from plants. Some of the most common types of other vegetable fats and oils include:

1. Coconut Oil

2. Palm Oil

3. Canola Oil

4. Corn Oil

5. Cottonseed Oil

6. Soybean Oil

7. Sunflower Oil

8. Jojoba Oil

And many more

These oils are used in various industries, including food, cosmetics, and pharmaceuticals. They are used as cooking oils, as well as in the manufacturing of soaps, shampoos, and lotions.

While some of these oils have health benefits, others are considered unhealthy due to their high levels of saturated fats. It is, therefore, important to use these oils in moderation and to choose the healthiest options.

Sesame Oil

Sesame oil is derived from the seeds of the sesame plant. It has been used for thousands of years in various cultures for its culinary and medicinal properties. Sesame oil is rich in antioxidants and has anti-inflammatory properties, making it a healthy addition to one's diet.

In addition to its health benefits, sesame oil is also used in skincare products. It is known for its moisturizing properties and is often used in massage oils and body lotions. Sesame oil is also used in the manufacturing of soaps, perfumes, and other cosmetic products.

Conclusion

Other Vegetable Fats, Jojoba, and Sesame Oil are important commodities in India. They are used in various industries and have many applications. It is important for business owners to be aware of the GST rates and HSN codes for these products to ensure compliance with the law. By using these oils in moderation and choosing the healthiest options, we can enjoy their benefits while minimizing the negative effects on our health.