What products are classified under HSN 2304
It includes Soybean oilcake
HSN Sub Chapter 2304 represents Soybean oilcake under GST classification. This code helps businesses identify Soybean oilcake correctly for billing, taxation, and trade. With HSN Sub Chapter 2304, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Soybean oilcake.
GST Rate for Soybean oilcake under HSN Code 2304. 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 |
|---|---|---|---|---|
| 23 | 2304 | Oil-cake and other solid residues whether or not ground or in the form of pellets, resulting from the extraction of soyabean oil | 5% | 5% |
Chapter: 23
Description: Oil-cake and other solid residues whether or not ground or in the form of pellets, resulting from the extraction of soyabean oil
Following Tariff HSN code falls under Soybean oilcake:
| Tariff HSN | Description |
|---|---|
| Oil-cake and other solid residues whether or not ground or in the form of pellets, resulting from the extraction of soyabean oil : Oil-cake and oil-cake meal of soyabean, expeller variety (aquatic feed including shrimp feed and prawn feed, poultry feed & cattle feed, including grass, hay & straw, supplement & husk of pulses, concentrates & additives, wheat bran & de-oiled cake) | |
| Oil-cake and other solid residues whether or not ground or in the form of pellets, resulting from the extraction of soyabean oil : Oil-cake of soyabean, solvent extracted (defatted) variety (aquatic feed including shrimp feed and prawn feed, poultry feed & cattle feed, including grass, hay & straw, supplement & husk of pulses, concentrates & additives, wheat bran & de-oiled cake) | |
| Oil-cake and other solid residues whether or not ground or in the form of pellets, resulting from the extraction of soyabean oil : Meal of soyabean, solvent extracted (defatted) (aquatic feed including shrimp feed and prawn feed, poultry feed & cattle feed, including grass, hay & straw, supplement & husk of pulses, concentrates & additives, wheat bran & de-oiled cake) | |
| Oil-cake and other solid residues whether or not ground or in the form of pellets, resulting from the extraction of soyabean oil : Other (aquatic feed including shrimp feed and prawn feed, poultry feed & cattle feed, including grass, hay & straw, supplement & husk of pulses, concentrates & additives, wheat bran & de-oiled cake) |
Oil-cake and other solid residues whether or not ground or in the form of pellets, resulting from the extraction of soyabean oil : Oil-cake and oil-cake meal of soyabean, expeller variety (aquatic feed including shrimp feed and prawn feed, poultry feed & cattle feed, including grass, hay & straw, supplement & husk of pulses, concentrates & additives, wheat bran & de-oiled cake)
Oil-cake and other solid residues whether or not ground or in the form of pellets, resulting from the extraction of soyabean oil : Oil-cake of soyabean, solvent extracted (defatted) variety (aquatic feed including shrimp feed and prawn feed, poultry feed & cattle feed, including grass, hay & straw, supplement & husk of pulses, concentrates & additives, wheat bran & de-oiled cake)
Oil-cake and other solid residues whether or not ground or in the form of pellets, resulting from the extraction of soyabean oil : Meal of soyabean, solvent extracted (defatted) (aquatic feed including shrimp feed and prawn feed, poultry feed & cattle feed, including grass, hay & straw, supplement & husk of pulses, concentrates & additives, wheat bran & de-oiled cake)
Oil-cake and other solid residues whether or not ground or in the form of pellets, resulting from the extraction of soyabean oil : Other (aquatic feed including shrimp feed and prawn feed, poultry feed & cattle feed, including grass, hay & straw, supplement & husk of pulses, concentrates & additives, wheat bran & de-oiled cake)
| Order Number | Description |
|---|---|
| Ramu Chettiar Srinivasan, (Proprietor: M/S. Sri Adhi Trading Company) (AAR (Authority For Advance Ruling), Tamil Nadu) | |
| C.P.R. Mill (AAR (Authority For Advance Ruling), Tamil Nadu) | |
| Bharti Airtel Limited (AAR (Authority For Advance Ruling), Telangana) | |
| M/S. Sri Mukthenahally Sivakumar Channabasavaiah, Sri Basaveshwara Corporation (AAR (Authority For Advance Ruling), Karnataka) | |
| Uttara Impex Private Limited (AAR (Authority For Advance Ruling), Maharashtra) | |
| Khandelwal Extractions Ltd. (AAAR (Appellate Authority For Advance Ruling), Uttar Pradesh) | |
| Chinnakani Arumuga Selvaraja, Proprietor, M/S. Sri Venkateshwara Traders (AAR (Authority For Advance Ruling), Tamil Nadu) | |
| M/S. Gubba Cold Storage Private Limited (AAR (Authority For Advance Ruling), Telangana) | |
| M/S. Vippy Industries Ltd. (AAR (Authority For Advance Ruling), Madhya Pradesh) |
Ramu Chettiar Srinivasan, (Proprietor: M/S. Sri Adhi Trading Company) (AAR (Authority For Advance Ruling), Tamil Nadu)
C.P.R. Mill (AAR (Authority For Advance Ruling), Tamil Nadu)
Bharti Airtel Limited (AAR (Authority For Advance Ruling), Telangana)
M/S. Sri Mukthenahally Sivakumar Channabasavaiah, Sri Basaveshwara Corporation (AAR (Authority For Advance Ruling), Karnataka)
Uttara Impex Private Limited (AAR (Authority For Advance Ruling), Maharashtra)
Khandelwal Extractions Ltd. (AAAR (Appellate Authority For Advance Ruling), Uttar Pradesh)
Chinnakani Arumuga Selvaraja, Proprietor, M/S. Sri Venkateshwara Traders (AAR (Authority For Advance Ruling), Tamil Nadu)
M/S. Gubba Cold Storage Private Limited (AAR (Authority For Advance Ruling), Telangana)
M/S. Vippy Industries Ltd. (AAR (Authority For Advance Ruling), Madhya Pradesh)
It includes Soybean oilcake
Using a broad or incorrect HSN, ignoring material/form (e.g., raw vs processed), or mixing goods and services on one line. Always match wording to the HSN Notes and keep a classification working paper.
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 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.
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.
Use a delivery challan for sending Soybean oilcake to the job worker. Declare movement in your records and reconcile when the goods return. If the job worker raises a service invoice, classify it under SAC; your goods remain under the original HSN.
Reverse charge in goods is notified only for specific categories. Most regular B2B sales of Soybean oilcake are forward charge. Check the current notifications for any special cases before deciding.
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.