GST Rate & HSN Code 2304 – OIL
OIL-CAKE AND OTHER SOLID RESIDUES WHETHER OR NOT GROUND OR IN THE FORM OF PELLETS, RESULTING FROM THE EXTRACTION OF SOYABEAN OIL falls under HSN code 2304 and attracts a GST rate of 5% in India. This HSN code is part of Chapter 23. Find the complete GST rate breakdown, classification details, and tax information for OIL-CAKE AND OTHER SOLID RESIDUES WHETHER OR NOT GROUND OR IN THE FORM OF PELLETS, RESULTING FROM THE EXTRACTION OF SOYABEAN OIL below.
HSN Code 2304 & Related Codes
Showing 6 of 6 entries| HSN Code | Description | GST Rate | CGST | SGST | IGST | CESS |
|---|---|---|---|---|---|---|
| 2304Primary | OIL-CAKE AND OTHER SOLID RESIDUES WHETHER OR NOT GROUND OR IN THE FORM OF PELLETS, RESULTING FROM THE EXTRACTION OF SOYABEAN OIL | 5% | 2.50% | 2.50% | 5% | 0 |
| 230400 | OIL-CAKE AND OTHER SOLID RESIDUES WHETHER OR NOT GROUND OR IN THE FORM OF PELLETS, RESULTING FROM THE EXTRACTION OF SOYABEAN OIL: | 5% | 2.50% | 2.50% | 5% | 0 |
| 23040010 | OIL-CAKE AND OIL-CAKE MEAL OF SOYABEAN, EXPELLER VARIETY | 5% | 2.50% | 2.50% | 5% | 0 |
| 23040020 | OIL-CAKE OF SOYABEAN, SOLVENT EXTRACTED (DEFATTED) VARIETY | 5% | 2.50% | 2.50% | 5% | 0 |
| 23040030 | MEAL OF SOYABEAN, SOLVENT EXTRACTED (DEFATTED) | 5% | 2.50% | 2.50% | 5% | 0 |
| 23040090 | OTHER | 5% | 2.50% | 2.50% | 5% | 0 |
Disclaimer: The GST rates and HSN codes listed above are compiled from the latest CBIC notifications and NIC's GST e-Invoice system master codes, to the best of our knowledge. Rates are subject to change based on the Government of India and GST Council updates. RegisterKaro is not liable for any discrepancies or decisions made based on this information. For the most accurate and updated "16th October 2020" of GST and cess rates, please visit the official CBIC website. Need help with GST registration or filing? Talk to a RegisterKaro expert.
Frequently Asked Questions
Everything you need to know about HSN Code 2304 and its GST rate.
OIL-CAKE AND OTHER SOLID RESIDUES WHETHER OR NOT GROUND OR IN THE FORM OF PELLETS, RESULTING FROM THE EXTRACTION OF SOYABEAN OIL attracts a GST rate of 5% in India under HSN code 2304. This rate has been notified by the Central Board of Indirect Taxes and Customs (CBIC) and applies to all taxable supplies of OIL-CAKE AND OTHER SOLID RESIDUES WHETHER OR NOT GROUND OR IN THE FORM OF PELLETS, RESULTING FROM THE EXTRACTION OF SOYABEAN OIL across India for GST-registered businesses.
