India has a rich variety of fruits and nuts, and many businesses specialize in making jams, fruit jellies, marmalades, fruit or nut puree, and pastes. However, businesses need to be aware of the GST rates and HSN code for these products to comply with the law.
The GST rates for jams, fruit jellies, marmalades, fruit or nut puree, and pastes are as follows:
12% GST for fruit jams, fruit jellies, and fruit pastes that do not contain added sugar or sweetening matter.
18% GST for fruit jams, fruit jellies, and fruit pastes that contain added sugar or sweetening matter. This also applies to nut puree and pastes.
5% GST for natural honey, but it is not included in the category of jams or jellies.
If a business sells jams, fruit jellies, marmalades, fruit or nut puree, and pastes, it needs to charge the appropriate GST rate on each product.
The HSN code for jams, fruit jellies, marmalades, fruit or nut puree, and pastes is 2007.
The HSN code is a globally recognized classification system for goods and services. It is used to identify products and services for tax purposes. The HSN code for jams, fruit jellies, marmalades, fruit or nut puree, and pastes is 2007, which falls under the category of food preparations not elsewhere specified or included.
Businesses need to mention the HSN code on their invoices to comply with GST regulations. This helps the government track the sale of goods and services and ensure that businesses are paying the appropriate GST.
In conclusion, businesses that sell jams, fruit jellies, marmalades, fruit or nut puree, and pastes need to be aware of the GST rates and HSN code for these products. By doing so, they can operate their business in compliance with the law and avoid penalties for non-compliance.
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