Official Classification

Under the Harmonized System of Nomenclature (HSN), the code 2304 specifically identifies oil-cake and other solid residues, whether or not ground or in the form of pellets, resulting from the extraction of soyabean oil for the purpose of taxation and trade in Bharat. This ensures uniform classification across all Indian states and Union Territories.

Intra-State Split

CGST 2.5% + SGST 2.5%

Inter-State Split

IGST 5%

Compliance Check-list

✓Mention HSN 2304 on all Tax Invoices for oil-cake and other solid residues, whether or not ground or in the form of pellets, resulting from the extraction of soyabean oil
✓Include in HSN-wise summary of GSTR-1 filings
✓Mandatory for E-way bill generation for goods above threshold
✓Ensure Input Tax Credit (ITC) matches this classification

✨ AI Compliance Insight

Expert Advice for 2304

"Classifying oil-cake and other solid residues, whether or not ground or in the form of pellets, resulting from the extraction of soyabean oil correctly is critical to avoid litigation. While the base rate is 5%, always check for anti-dumping duties if importing, especially under the Animal Feed category. AasanKhata automatically monitors these shifts for you."