GST rates and HSN code for Masala.
Chapter | Description | HSN Code | Rate (%) | CESS (%) | Effective Date | Rate Revision |
---|---|---|---|---|---|---|
Miscellaneous edible preparations | Food Preparations Not Elsewhere Specified Or Included – Other : Pan Masala | 21069020 | 28% | 60% | 01/07/2017 | – |
For businesses involved with pan masala, understanding the specific Harmonized System of Nomenclature (HSN) code and the applicable Goods and Services Tax (GST) is crucial for compliance. The provided data offers a clear classification for this product. Let’s explore the details.
The data explicitly classifies Pan Masala under Chapter 21 (Miscellaneous edible preparations), with the specific HSN code 21069020. This code falls under the broader category of “Food Preparations Not Elsewhere Specified Or Included – Other.”
Pan Masala attracts a Goods and Services Tax (GST) rate of 28%. Additionally, a significant CESS of 60% is levied on this product. The effective date for these rates is 01/07/2017.
Pan Masala is covered under Chapter 21 of the HSN code.
The specific HSN code for Pan Masala is 21069020.
The GST rate applicable to Pan Masala is 28%.
Yes, a substantial CESS of 60% is levied on Pan Masala.
The total tax burden on Pan Masala is the sum of the GST rate (28%) and the CESS (60%), totaling 88%.
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