GST RATES HSN CODE 1002 - RYE

GST (Goods and Services Tax) is a tax system in India that replaced all the indirect taxes levied on goods and services. It is a comprehensive tax that is levied on the supply of goods and services in India. GST rates and HSN (Harmonized System of Nomenclature) code for different goods and services are important for businesses to know. Here, we will discuss GST rates and HSN code for Rye.

What is Rye?

Rye is a type of grain that is a member of the wheat family. It is a cereal grain that is similar to wheat and barley. It is commonly used in bread, whiskey, and beer production.

GST Rates for Rye

GST rates for Rye are different depending on the type of Rye product. The GST rate for Rye grain is 5%. This includes Rye grain, Rye flour, and Rye meal. The GST rate for Rye bran is also 5%.

The GST rate for Rye seeds is 0%. This includes Rye seeds that are used for sowing purposes.

HSN Code for Rye

HSN codes are used to classify goods for taxation purposes. The HSN code for Rye is 1002. This code is used for Rye grain, Rye flour, and Rye meal.

The HSN code for Rye bran is also 1002.

The HSN code for Rye seeds is 1002. This includes Rye seeds that are used for sowing purposes.

Conclusion

GST rates and HSN code for Rye are important for businesses that deal with Rye products. Understanding the GST rates and HSN codes for different Rye products can help businesses in their taxation process. We hope this article has provided you with valuable information on GST rates and HSN code for Rye.