Understanding the GST Rates and HSN Code for Beans in India

Beans are a common food item in India, consumed in a variety of forms. Whether you enjoy them as a curry, a side dish, or as part of a salad, beans are a versatile and nutritious food item. However, for small and medium business owners and startup founders, the GST rates and HSN codes for beans can be confusing. In this article, we will provide an in-depth look at the GST rates and HSN codes for beans in India.

GST Rates for Beans

Beans are classified as a food item under the GST regime. The GST rates for beans vary depending on the type of bean and the form in which it is sold. Below is a list of GST rates for different types of beans and their respective HSN codes:

Bean Type Form HSN Code GST Rate Green Beans Fresh 071333100% Green Beans Dried 071333205% Black Beans Dried 071333905% White Beans Dried 071333905% Chickpeas Dried 071333905%

As you can see, green beans that are sold fresh are exempt from GST, while dried beans are subject to a 5% GST rate. Black beans, white beans, and chickpeas are also subject to a 5% GST rate.

HSN Code for Beans

The HSN code for beans is 071333. This code is used to identify beans for tax purposes and is required for all businesses that deal with beans. Under the GST regime, businesses are required to include the HSN code for all goods and services on their invoices.

The HSN code for beans is further broken down into subcategories depending on the type of bean and the form in which it is sold. These subcategories are as follows:

1. 07133310: Green beans (fresh or chilled)

2. 07133320: Green beans (dried)

3. 07133390: Other beans (dried)

Conclusion

Understanding the GST rates and HSN codes for beans is crucial for small and medium business owners and startup founders in India. By understanding the different rates and codes for beans, you can ensure that you are correctly calculating your taxes and avoiding any penalties or fines. We hope that this article has provided you with a clear understanding of the GST rates and HSN codes for beans in India.