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TAX RATE OF SEEDS

Mayur Handralmayur handral Staff asked 1 year ago

SIR I AM DOING BUSINESS OF SEEDS (WHICH IS USED FOR SOWING), AS I SEARCHED IN GST RATE FINDER THE TAX RATE OF GST IS NIL OR EXEMPTED UNDER HSN CODE 1209. BUT SOME COMPANIES ARE MAKING INVOICE UNDER HSN CODE 1005 FOR MAIZE  AND 1008 FOR MILLET BEARING A REGISTERED BRNAD NAME, AND SOME COMPANIES ARE MAKING BILLING UNDER 1209. WE HAVE TOTALLY CONFUSED TO TAKE THE GOODS ON AND AFTER GST IMPLIMINTATION PLEASE CLARIFFY THE QUESTION

1 Answers
Best Answer
MANISH MALHOTRA FounderMANISH MALHOTRA Staff answered 1 year ago

Dear Mr.Mayur,
I found  1209 is for seeds and 1005 is for maize(corn) and both are in the same schedule I.E schedule I in goods-rates- booklet. 
Hence tax rate of goods mentioned in schedule 1 is NIL.
Also If you put maize(1005) in container and its bearing a registered brand name, than only it is taxable @ 5% refer Schedule 4
 
For complete list and rates click here   
 
Hope you find the answer.