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Charge 5% on the taxable value: CGST 2.5% plus SGST 2.5% within a state, or IGST 5% across states. Put HSN 1507 on the invoice.
| Product / service | Soya-bean oil |
|---|---|
| HSN code | 1507 |
| Total GST rate | 5% |
| CGST (central, intrastate) | 2.5% |
| SGST / UTGST (state, intrastate) | 2.5% |
| IGST (interstate) | 5% |
When selling Soya-bean oil, you must charge GST at 5% on the taxable value. For sales within the same state, split the GST as CGST 2.5% + SGST 2.5%. For interstate sales, charge IGST 5% as a single line item.
The HSN code 1507 must be mentioned on your GST invoice. Businesses with annual turnover above ₹5 crore must use 6-digit HSN codes; those above ₹1.5 crore up to ₹5 crore must use 4-digit codes.
As a GST-registered business, you can claim Input Tax Credit on purchases of Soya-bean oil used for taxable business activities. Check that your supplier issues a valid GST invoice with their GSTIN on it.
GST rates change by notification. This page is general information, not tax advice — confirm the current rate with a qualified professional before you file.