HSN CODE & GST RATE OF PADDY
This query is : Resolved
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
Brand : Unregistered
Weight : 100 Kg bags
Nature : Purchase from agriculturist and Sales to Rice Mills
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.
- **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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