What products are classified under HSN 1505
It includes Wool grease
HSN Sub Chapter 1505 represents Wool grease under GST classification. This code helps businesses identify Wool grease correctly for billing, taxation, and trade. With HSN Sub Chapter 1505, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Wool grease.
GST Rate for Wool grease under HSN Code 1505. Understand Current Tax Rates, Exemptions, and Legal Classifications to Ensure Accurate Billing and GST Filing.
| Chapter No | HSN Code | HSN Description | New GST Rate | Old GST Rate |
|---|---|---|---|---|
| 15 | 1505 | wool grease and fatty substances derived | 5% | 12% |
Chapter: 15
Description: wool grease and fatty substances derived
Following Tariff HSN code falls under Wool grease:
| Tariff HSN | Description |
|---|---|
| Wool grease and fatty substances derived therefrom (including lanolin) : Wool alcohol (including lanolin alcohol) | |
| Wool grease and fatty substances derived therefrom (including lanolin) : Wool grease, crude | |
| Wool grease and fatty substances derived therefrom (including lanolin) : Other |
Wool grease and fatty substances derived therefrom (including lanolin) : Wool alcohol (including lanolin alcohol)
Wool grease and fatty substances derived therefrom (including lanolin) : Wool grease, crude
Wool grease and fatty substances derived therefrom (including lanolin) : Other
It includes Wool grease
Generate an e‑way bill when the consignment value exceeds ₹50,000, unless exempted for the transaction. E‑invoicing depends on turnover (AATO threshold as notified) for B2B supplies, not on the item itself.
Yes. Many food/agri goods are treated differently when sold as pre‑packaged & labelled retail packs versus loose/open packs. If Wool grease is sold in small pouches (e.g., 500 g) with an MRP and label, record that on the invoice. Loose bulk bags often follow a different treatment.
If replacement is without consideration under a pre‑agreed warranty, issue a delivery challan and reference the original invoice/contract. If consideration is charged, raise a tax invoice. Keep serial/lot details for traceability.
If your outward supply of Wool grease is taxable, ITC is generally available (Sections 16–17) except blocked credits (e.g., personal use, motor vehicles in most cases). For exempt supplies, proportionate reversal is required under Rule 42/43.
Not always. Spares are often classified by their own description or by the function/part rule. Check if a specific sub‑heading exists for parts of the main item and describe the part on the invoice.
The above does not constitute professional advice or a formal recommendation. We recommend consulting a professional tax consultant before acting on the information contained in this piece of content.