Understanding Sugar Confectionery - GST Rates and HSN Code 1704

Sugar confectionery is a type of food that is made from sugar and other ingredients, such as corn syrup, honey, or molasses. It includes chocolates, candies, toffees, lollipops, and other similar products. As a business owner dealing with sugar confectionery, it is essential to understand the GST rates and HSN code for this product.

GST Rates for Sugar Confectionery

The GST rates for sugar confectionery vary depending on the type of product. Here is a breakdown of the GST rates for different types of sugar confectionery:

1. Chocolates and chocolate-covered products - 18%

2. Candies and toffees - 18%

3. Lollipops - 18%

4. Other sugar confectionery - 18%

It is essential to note that these rates are subject to change, and you should always check with the latest GST rates and HSN codes before making any transactions.

HSN Code for Sugar Confectionery

The HSN code for sugar confectionery is 1704. This code is used to classify sugar confectionery products for GST purposes. The HSN code consists of eight digits, with the first two digits representing the chapter, the next two digits representing the heading, and the last four digits representing the subheading.

Conclusion

In conclusion, as a business owner dealing with sugar confectionery, it is essential to understand the GST rates and HSN code for this product. The GST rates for sugar confectionery products vary depending on the type of product, and the HSN code for sugar confectionery is 1704. Always check with the latest GST rates and HSN codes before making any transactions to ensure compliance with the law.