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Published on:
February 25, 2023
By
Pranjal Gupta

NATURAL HONEY - GST RATES  HSN CODE 409

Natural honey has been a part of our diet for ages now. It is not just a sweetener, but also has various health benefits. With the advent of the Goods and Services Tax (GST), the rates and HSN code for natural honey have also changed. In this article, we will discuss the GST rates and HSN code for natural honey in detail.

What is Natural Honey?

Natural honey is a sweet, viscous liquid produced by bees from the nectar of flowers. It is a natural sweetener and is often used as a substitute for sugar. Natural honey is also known for its health benefits as it contains antioxidants, enzymes, and minerals.

GST Rates for Natural Honey

Under the GST regime, natural honey is classified under the HSN code 0409. The GST rate for natural honey is 18%. This means that if you are a seller of natural honey, you need to charge 18% GST on the price of the honey sold. Similarly, if you are a buyer of natural honey, you need to pay 18% GST on the purchase price.

HSN Code for Natural Honey

The HSN code for natural honey is 0409. HSN stands for Harmonized System of Nomenclature, which is a standardized system of names and numbers used to classify goods in international trade. The HSN code for natural honey falls under Chapter 4 of the HSN, which deals with dairy products, honey, and other edible animal products.

How to Calculate GST on Natural Honey?

To calculate the GST on natural honey, you need to follow a simple formula:

Price of Natural Honey + GST @ 18% = Total Price

For example, if the price of natural honey is Rs. 100, the GST @ 18% would be Rs. 18. So, the total price would be Rs. 118.

Conclusion

Natural honey is an important part of our diet and has various health benefits. Under the GST regime, natural honey is classified under the HSN code 0409 and the GST rate for natural honey is 18%. If you are a seller or buyer of natural honey, it is important to know the GST rates and HSN code for natural honey to avoid any confusion or errors in billing.

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Updated on:
March 16, 2024