HSN Codes chevron_right Section 03 chevron_right Chapter 15 chevron_right Sub Chapter 1508

Explore other subchapters under Chapter 15

1508 HSN Code: Ground-nut oil & fractions

HSN Sub Chapter 1508 represents Ground-nut oil & fractions under GST classification. This code helps businesses identify Ground-nut oil & fractions correctly for billing, taxation, and trade. With HSN Sub Chapter 1508, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Ground-nut oil & fractions.

Find The Right HSN & Bill Faster With BUSY



file_download 40K+ Monthly Downloads
group Trusted by 4 Lakh+ Businesses
smartphone Free Mobile App
star 4.6 Rated on Google

New GST Rate for HSN Code 1508

GST Rate for Ground-nut oil & fractions under HSN Code 1508. 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 1508 Soya-bean oil and its fractions, whether or not refined, but not chemically modified 5% 5%

Chapter: 15

Description: Soya-bean oil and its fractions, whether or not refined, but not chemically modified

New GST Rate: 5% Old GST Rate: 5%

Tariff HSN Codes under HSN Sub Chapter 1508

Following Tariff HSN code falls under Ground-nut oil & fractions:

Tariff HSN Description
Crude oil
Other : Deodorized (Salad Oil)
Other : Other : Edible grade
Other : Other : Other

Other : Deodorized (Salad Oil)

Other : Other : Edible grade

Other : Other : Other

Wrong HSN codes causing GST errors? BUSY auto-applies the correct code & rate on desktop and mobile.


file_download 40K+ Monthly Downloads
group Trusted by 4 Lakh+ Businesses
smartphone Free Mobile App
star 4.6 Rated on Google
experiment id: lead-form-no-email v1

FAQs for Sub Chapter 1508

What products are classified under HSN 1508

It includes Ground-nut oil & fractions

Is the composition scheme suitable if I mainly trade Ground-nut oil & fractions?

The composition scheme is optional for eligible small suppliers of goods. You cannot issue tax invoices or collect tax under composition. Check turnover limits and exclusions; evaluate margins and ITC loss before opting in.

How do I bill a kit or combo that includes Ground-nut oil & fractions?

Prefer separate lines per item with its HSN so each component follows its own tax treatment. If it is a naturally bundled supply, identify the principal supply and tax the whole bundle accordingly.

Can I claim ITC on inputs and services used for Ground-nut oil & fractions?

If your outward supply of Ground-nut oil & fractions 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.

How are warranty replacements of Ground-nut oil & fractions handled?

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 I repair and return Ground-nut oil & fractions, how should I charge GST?

Repair/service is a service supply (SAC). Parts and materials used are goods and may be billed separately with HSN. Mention both lines clearly to avoid mixing service and goods values.

Important Disclaimer

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.

Explore More HSN Codes from Chapter 15 expand_more
HSN Codes:
State Code List:

Explore other subchapters under Chapter 15