Yeasts - GST Rates HSN Code 2102

If you are a small or medium business owner or a startup founder dealing with Yeasts, it is important for you to understand the GST (Goods and Services Tax) rates and HSN (Harmonized System of Nomenclature) code applicable for this product. In this article, we will help you understand the GST rates and HSN code for Yeasts in India.

GST Rates and HSN Code for Yeasts

The GST rate for Yeasts is 18%. This rate is applicable to all types of Yeasts, including active Yeasts, inactive Yeasts, and other forms of Yeasts used in food products, pharmaceuticals, and other industries. The HSN Code for Yeasts is 2102. This code is used to classify Yeasts and other micro-organisms used in food, beverages, and pharmaceuticals. The HSN code for Yeasts falls under Chapter 21 of the GST Tariff Act.

Importance of Understanding GST Rates and HSN Codes for Yeasts

As a business owner or a startup founder dealing with Yeasts, it is important for you to understand the GST rates and HSN codes applicable for this product. This understanding will help you in the following ways:1. Tax Compliance: Knowing the GST rates and HSN codes applicable for Yeasts will help you ensure tax compliance and avoid any penalties or legal issues.2. Pricing: Understanding the GST rates for Yeasts will help you price your products accordingly and avoid any loss or overcharging.3. Sales: Understanding the HSN codes for Yeasts will help you in sales and marketing activities, as you can easily identify and target potential customers.

Conclusion

In conclusion, understanding the GST rates and HSN codes for Yeasts is crucial for any small or medium business owner or startup founder dealing with this product. It will help ensure tax compliance, proper pricing, and effective sales and marketing activities. We hope this article has helped you understand the GST rates and HSN code applicable for Yeasts in India.