GST Rate & HSN Code 980590 – ALL OTHER CONSUMABLE STORES EXCLUDING FUEL

The HSN code for ALL OTHER CONSUMABLE STORES EXCLUDING FUEL, LUBRICATING OIL, ALCOHOLIC DRINKS AND TOBACCO PRODUCTS is 980590. This code falls under Chapter 98 of the GST HSN classification system, which covers ALL OTHER CONSUMABLE STORES EXCLUDING FUEL, LUBRICATING OIL, ALCOHOLIC DRINKS AND TOBACCO PRODUCTS. It is used for accurate product classification during GST invoicing, return filing, and tax compliance.

HSN code 980590 falls under Chapter 98 of the GST HSN classification, which covers ALL OTHER CONSUMABLE STORES EXCLUDING FUEL, LUBRICATING OIL, ALCOHOLIC DRINKS AND TOBACCO PRODUCTS. Chapter 98 groups all related products together to standardize GST rates and simplify tax classification for businesses dealing with ALL OTHER CONSUMABLE STORES EXCLUDING FUEL, LUBRICATING OIL, ALCOHOLIC DRINKS AND TOBACCO PRODUCTS.

Yes, registered businesses can generally claim Input Tax Credit (ITC) on GST paid for ALL OTHER CONSUMABLE STORES EXCLUDING FUEL, LUBRICATING OIL, ALCOHOLIC DRINKS AND TOBACCO PRODUCTS under HSN code 980590, provided it is used for business purposes, and all ITC conditions under the GST Act are met. Consult a RegisterKaro expert for clarification.

Yes, mentioning HSN code 980590 on your GST invoice for ALL OTHER CONSUMABLE STORES EXCLUDING FUEL, LUBRICATING OIL, ALCOHOLIC DRINKS AND TOBACCO PRODUCTS is mandatory. The number of digits required (4, 6, or 8) depends on your annual turnover as per CBIC rules. Correct HSN mention ensures accurate tax calculation and smooth return filing.