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Published on:
February 25, 2023
By
Prudhvi Raj

GST Rates HSN Code 1205 - Rape Colza Seeds

Rape and Colza seeds are two important crops that are grown in India, known for their high oil content. These crops are used for the production of edible oils, industrial lubricants, and biodiesel. The GST rates and HSN code for Rape, Colza Seeds have been a matter of concern for farmers and traders in India.

What is Rape Seed?

Rape Seed, also known as Canola, is a crop that is grown in large quantities in India. It is a winter crop that is sown in October and harvested in February. Rape Seed is known for its high oil content, which makes it an important crop for the production of edible oil.

What is Colza Seed?

Colza Seed is another crop that is grown in India. It is a winter crop that is sown in October and harvested in February. Colza Seed is used for the production of industrial lubricants and biodiesel.

GST Rates for Rape, Colza Seeds

According to the GST Council, the tax rate for Rape, Colza Seeds is 5%. This rate applies to all varieties of Rape, Colza Seeds, including those that are used for the production of edible oils, industrial lubricants, and biodiesel.

HSN Code for Rape, Colza Seeds

The HSN code for Rape, Colza Seeds is 1205. This code is used to classify goods under the GST system. It is important for traders and farmers to use the correct HSN code while filing their GST returns, to avoid any penalties or legal issues.

Conclusion

The GST rates and HSN code for Rape, Colza Seeds have been a matter of concern for farmers and traders in India. The GST Council has set the tax rate for these crops at 5%, and the HSN code for these crops is 1205. It is important for traders and farmers to use the correct HSN code while filing their GST returns, to avoid any penalties or legal issues.

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Updated on:
March 16, 2024