HSN CODE & GST RATE OF PADDY

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Dicson (Querist)
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12 August 2022 What is the HSN Code and GST Rate of Paddy?

Brand : Unregistered
Weight : 100 Kg bags
Nature : Purchase from agriculturist and Sales to Rice Mills

Aashok Kumar Sharma online

Aashok Kumar Sharma online

(Expert)
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09 July 2024 For Paddy, the HSN (Harmonized System of Nomenclature) code is 1001. As for the GST rate applicable:

- **Purchase from agriculturist:** Typically, paddy purchased directly from agriculturists (farmers) is exempted from GST under certain conditions, specifically if it is unprocessed. However, GST may apply if purchased from a registered dealer.

- **Sales to Rice Mills:** If you are selling paddy to rice mills, it falls under the GST rate of 0% (Nil). This means no GST is applicable on the sale of paddy to rice mills.

It's important to ensure compliance with GST regulations and consult with a tax advisor for specific details regarding exemptions and conditions for purchase from agriculturists.

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