GST payable for sale of animal oil, waxes, fats, vegetable oil etc.

 

GST rate on Animal Fats, Animal oil, Vegetable fat and oil, waxes

Click here to know GST exempted list

Animal Fats, Animal oil, Vegetable fat and oil, waxes fall under HSN code chapter 15 of GST commodity tariff schedule.  The details about GST rate changes for sale of Animal Fats, Animal oil, Vegetable fat and oil, waxes are being updated here.01 copy  The notification changes on exemptions for GST for sale of Animal Fats, Animal oil, Vegetable fat and oil, waxes and other circulars related to GST on Animal Fats, Animal oil, Vegetable fat and oil are updated in this website.

Update on 18th May, 2017: GST rates for goods

5% GST RATE;

1. Vegetable fats and oils [GST HSN chapter code 1507 to GST HSN chapter code 1516]

2. GST HSN chapter code 1507 Soyabean oil and its fractions, whether or not refined, but not chemically modified.

3. GST HSN chapter code 1508 Groundnut oil and its fractions, whether or not refined, but not chemically modified.

4. GST HSN chapter code 1509 Olive oil and its fractions, whether or not refined, but not chemically modified.

5. GST HSN chapter code 1510 Other oils and their fractions, obtained solely from olives, whether or not refined, but not chemically modified, including blends of these oils or fractions with oils or fractions of heading GST HSN chapter code 1509 6. GST HSN chapter code 1511 Palm oil and its fractions, whether or not refined, but not chemically modified.

7. GST HSN chapter code 1512 Sunflowerseed, safflower or cotton-seed oil and fractions thereof, whether or not refined, but not chemically modified

. 8. GST HSN chapter code 1513 Coconut (copra), palm kernel or babassu oil and fractions thereof, whether or not refined, but not chemically modified.

9. GST HSN chapter code 1514 Rape, colza or mustard oil and fractions thereof, whether or not refined, but not chemically modified.

10. GST HSN chapter code 1515 Other fixed vegetable fats and oils (including jojoba oil) and their fractions, whether or not refined, but not chemically modified.

11. GST HSN chapter code 1516 Vegetable fats and oils and their fractions, partly or wholly hydrogenated, interesterified, reesterified or elaidinised, whether or not refined, but not further prepared.

12. GST HSN chapter code 1518 Vegetable fats and oils and their fractions, boiled, oxidised, dehydrated, sulphurised, blown, polymerised by heat in vacuum or in inert gas or otherwise chemically modified, excluding those of heading GST HSN chapter code 1516

12% GST RATE;

Animal fats and oils [GST HSN chapter code 1501 to GST HSN chapter code 1506]

1. GST HSN chapter code 1501 Pig fat (including lard) and poultry fat, other than that of heading GST HSN chapter code 0209 or       GST HSN chapter code 1503.

2. GST HSN chapter code 1502 Fats of bovine animals, sheep or goats, other than those of heading GST HSN chapter code 1503.

3. GST HSN chapter code 1503 Lard stearin, lard oil, oleo stearin, oleo-oil and tallow oil, not emulsified or mixed or otherwise prepared.

4. GST HSN chapter code 1504 Fats and oils and their fractions, of fish or marine mammals, whether or not refined, but not chemically modified.

5. GST HSN chapter code 1505 Wool grease and fatty substances derived therefrom (including lanolin).

6. GST HSN chapter code 1506 Other animal fats and oils and their fractions, whether or not refined, but not chemically modified.

7. GST HSN chapter code 1516 Animal fats and oils and their fractions, partly or wholly hydrogenated, interesterified, reesterified or elaidinised, whether or not refined, but not further prepared.

8. GST HSN chapter code 1518 Animal fats and oils and their fractions, boiled, oxidised, dehydrated, sulphurised, blown, polymerised by heat in vacuum or in inert gas or otherwise chemically modified, excluding those of heading GST HSN chapter code 1516; inedible mixtures or preparations of Animal or vegetable fats or oils or of fractions of different fats of oils of this chapter, not elsewhere specified of included.]

18% GST RATE;

1. Margarine, Linoxyn [solidified linseed oil]; edible mixtures or preparations of animal or vegetable fats or oils or of fractions of different fats or oils of this Chapter, other than edible fats or oils or their fractions of heading GST HSN chapter code 1516 [GST HSN chapter code 1517]

2. Glycerol, crude; glycerol waters and glycerol lyes [GST HSN chapter code 1520 00 00],

3. Vegetable waxes, etc. [GST HSN chapter code 1521] 4. Degras, residues resulting from the treatment of fatty substances or animal or vegetable waxes [GST HSN chapter code 1522]

Amendments on 3rd June, 2017 

 In Chapter 15, in the 18% rate column, the part entry from GST HSN chapter code 1517 relating to edible mixtures of vegetable fats or oils, that is “edible mixtures or preparations of vegetable fats or vegetable oils or of fractions of different vegetable fats or vegetable oils of this Chapter, other than edible fats or oils or their fractions of heading GST HSN chapter code 1516 [GST HSN chapter code 1517]” may be shifted to the 5% rate column [wherein all vegetable fats and vegetable oils at 5%]. [This will ensure that mixtures of two or more varieties of edible vegetable oils fall at 5%.]

 

In India, GST for sale of animal oil, waxes, fats, vegetable oil etc. is expected to be charged at minimum rate of GST against some of the items. The items fall under exemption list of GST is being declared by GST authorized soon.

Four main GST rate slabs framed with Essential goods and services, Standard goods and services and luxury goods and services with 5%, 12%, 18% and 28% respectively.  Commonly used Goods and Services at 5%, Standard Goods and Services fall under 1st slab at 12%, Standard Goods and Services fall under 2nd Slab at 18% and Special category of Goods and Services including luxury - 28%.   The most essential goods and services attract nil rate of GST under Exempted Categories.     Luxury goods and services and certain specific goods and services   attract additional cess than 28% GST.

GST rates in India is being finalized within a couple of months, as Goods and Service Tax is being implemented from July 01,2017 in India.   The GST rates are imposed in India under 4 slabs.  Each category of slabs is being declared soon by the GST authorities.

 

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Inter-State supply under, IGST Act 2017

CGST Act, 2017 Payment of tax, interest, penalty and other amounts

Intra-State supply, IGST Act 2017

CGST Act, 2017 Collection of tax at source

IGST Law 2017, about Supplies in territorial waters

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GST returns for Input Service Distributor (ISD)

TDS calculation under GST returns

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Post sales discount under GST returns

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Bills of Entry relating to Import under Goods and Service Tax (GST)

Invoices pertaining to exempted including Nil rated supply under GST

Invoice pertaining to Export and deemed export supply

Invoices pertaining to B2C transactions 

Invoice level information details for GST returns

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 How to get exemption of Sales Tax under exports.

What happens if overseas buyer not paid export bills discounted.

 What happens if proper tracking of goods not effected in export import business?

 What happens if your buyer rejects cargo? What are the major problems if consignee not taken delivery of cargo?

How to get export order from foreign buyers?

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Transferability of Bill of Lading

Transhipment - A redefinition

 

                                     

 The above information about GST rate on commodities under HSN code mentioned above commonly clarifies on questions explained under:

Amount of GST tax on lard, other pig fat and poultry fat, rendered

What is the GST rate on fats, bovine, sheep or goat, raw or rendered?

How much GST on lard stearin/lard oil/etc. not emulsified or prepped?

GST tariff on fats & oils, their fractions, fish & marine mammal

Indian GST charges on wool grease & fatty substances derived therefrom

GST duty onanimal fat & oil & reaction not elsewhere mentioned not chemo modified

GST tax on soybean oil & its fractions, not chemically modified

Goods and Service Tax rate on peanut oil & its fractions, not chemically modified

Goods and Service Tax slab on coconut, palm kernel or babassu oil etc., not Ch. mod in India

GST slab on rapeseed, colza or mustard oil etc., not chum modify

GST slab rate on fixed veg fats & oils not elsewhere mentioned etc., not chum modified

Slab GST on veg fats & oils, hydrogen etc., not fur prep

Rate of GST slab on veg fats & oils, hydrogen etc., not fur prep

Tax of GST on margarine, edible mixtures etc. an or veg fat & oil

GST expenses on animal/veg fats & oils chum modified, inedible mxt in India

Total GST charges on ind monocarp fat acids, acid oil, ref, ind fat alc

Total GST rate on glycerol (glycerin), glycerol waters and lye’s

Total tax on GST on veg waxes not elsewhere mentioned, beeswax etc. and spermaceti

Amount of GST to be paid on olive oil & its fractions, not chemically modified

Amount of GST rate on olive oil & its fractions, not chemically modified

What is the GST tariff on palm oil & its fractions, not chemically modified?

GST tax on sunflower-seed, safflower or cotton seed oil, not ch mod

GST rate for tramway rolling stock and parts, Vehicles other than railway

GST rate on sale or purchase of Electrically operated vehicles

GST rate on sale or purchase of Tractors

GST amount of rate on Motor vehicles for the transport of ten or more persons business

GST slab rate on Cars for physically handicapped persons .

GST slab rate on sale or purchase of Motor cars and other motor vehicles.

GST slab rate on sale or purchase of Refrigerated motor vehicles

GST on Motor vehicles for the transport of goods

GST rate on Special purpose motor vehicles.

Reduced GST slab rate on sale or purchase of Rear Tractor wheel rim and tractor parts

GST slab rate on Bicycles business

Revised GST scheduled rate on sale or purchase of Baby carriages

Nil rate tariff GST on sale of precision instruments and apparatus, parts and accessories

Nil tariff GST on sale of photographic instruments and apparatus, parts and accessories

Zero percentage GST on Optical instruments and apparatus, parts and accessories

Waived GS on sale of medical instruments and apparatus

Nil rate of GST on sale of measuring instruments and apparatus, parts and accessories

No need to pay GST on sale of cinematographic, instruments and apparatus, parts and accessories

Nil rate of GST on sale of checking instruments and apparatus parts and accessories

GST scheduled rate on Spectacle lenses, contact lens

GST rate on Optical fibres, optical cables

GST slab rate on sale or purchase of Lenses, prisms, mirrors and other optical elements

Scaled down GST payable rate on intraocular lens business

GST imposed rate on Frames and mountings for spectacles, goggles

Chopped GST taxable rate on Spectacles business

GST slab rate on Liquid crystal devices not constituting articles

GST slab rate on Binoculars, monocular, other optical telescopes, and mountings

GST amount of rate on Photographic cameras photographic flashlight apparatus and flashbulbs

GST amount of rate on Instruments for measuring length

GST amount of rate on Cinematographic cameras and projectors

GST rate on Apparatus and equipment for photographic laboratories business

GST payable rate on Microscopes other than optical microscopes

GST payable rate on Direction finding compasses, other navigational instruments and appliances

GST slab rate on Surveying instruments and appliances, excluding compasses, rangefinders business

GST amount of rate on Drawing instruments, Other drawing and marking out instruments

GST rate on Mathematical calculating instruments and pantographs

Lowered down GST amount of rate on sale or purchase of Instruments for measuring length

GST tariff rate on Instruments and used in medical, surgical, dental or veterinary sciences appliances business

GST scheduled rate on Massage apparatus, psychological aptitude testing apparatus, ozone therapy, oxygen therapy, aerosol therapy, artificial respiration, Mechano-therapy appliances

GST payable rate on Breathing appliances and gas masks

GST on Orthopaedic appliances

GST payable rate on Apparatus based on the use of X-rays or of alpha, beta or gamma radiations


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