HSN Codes chevron_right Section 05 chevron_right Chapter 27 chevron_right Sub Chapter 2703

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2703 HSN Code: Peat products

HSN Sub Chapter 2703 represents Peat products under GST classification. This code helps businesses identify Peat products correctly for billing, taxation, and trade. With HSN Sub Chapter 2703, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Peat products.

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New GST Rate for HSN Code 2703

GST Rate for Peat products under HSN Code 2703. 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
27 2703 Peat (including peat litter), whether or not agglomerated 40% 5%

Chapter: 27

Description: Peat (including peat litter), whether or not agglomerated

New GST Rate: 40% Old GST Rate: 5%

Tariff HSN Codes under HSN Sub Chapter 2703

Following Tariff HSN code falls under Peat products:

Tariff HSN Description
Peat (including peat litter), whether or not agglomerated : Peat whether or not compressed into bales, but not agglomerated
Peat (including peat litter), whether or not agglomerated : Other

Peat (including peat litter), whether or not agglomerated : Peat whether or not compressed into bales, but not agglomerated

Peat (including peat litter), whether or not agglomerated : Other

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Case Laws Related to Sub Chapter 2703

Order Number Description
M/S. Novozymes South Asia Pvt. Ltd (AAR (Authority For Advance Ruling), Gujarat)

M/S. Novozymes South Asia Pvt. Ltd (AAR (Authority For Advance Ruling), Gujarat)

FAQs for Sub Chapter 2703

What products are classified under HSN 2703

It includes Peat products

Does MRP, weight or pack size change GST treatment for Peat products?

Some entries use MRP/weight‑based conditions for classification. Keep pack size, retail marking and brand status on records and invoice to support the chosen HSN.

Any import/export nuance for Peat products?

Exports are zero‑rated (with or without payment of IGST) subject to LUT/refund conditions. Imports may attract customs duties in addition to GST. Keep HSN‑wise description consistent across invoice, shipping bill and BOE.

What should my invoice and records include for Peat products?

Include HSN, exact description, pack size/grade, quantity, and if pre‑packaged & labelled. Maintain purchase specs, test reports (where relevant), and job‑work challans for audit trail.

Does packaging or branding change how GST applies to Peat products?

Yes. Many food/agri goods are treated differently when sold as pre‑packaged & labelled retail packs versus loose/open packs. If Peat products 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.

How should I document Peat products sent for job work?

Use a delivery challan for sending Peat products 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.

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.

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