84388020
FOR PRODUCTION OF SOYA MILK OR OTHER SOYA PRODUCTS (OTHER THAN SOYA OIL)
Tax Calculator for 84388020
E-Way Bill Rules
For for production of soya milk or other soya products (other than soya oil), the E-Way Bill threshold is ₹50,000. Since the rate is 18%, you must generate a bill if the Taxable Value exceeds ₹42,372.
Example Calculation
- Base Value: ₹42,372
- + GST (18%): ₹7,626.96
- Total Invoice: ~₹50,000
Invoice Example
Breakdown for a sample invoice value of ₹1,000:
Can I claim ITC?
Yes, if used for business. This reduces your final cash liability.
Input Tax Credit (ITC) Logic
Compliance & Validation
HSN 84388020 falls under Chapter 84. It is mandatory to mention this code on invoices if your annual turnover exceeds ₹5 Crore. For turnover below ₹5 Crore, mentioning the 4-digit code (8438) is sufficient for B2B invoices.
Ensure that you charge 9% CGST and 9% SGST for intra-state supplies of for production of soya milk or other soya products (other than soya oil). For inter-state supplies, the full 18% IGST applies.
Frequently Asked Questions
Q: What is the GST Rate for HSN Code 84388020?
The GST rate for HSN Code 84388020 (FOR PRODUCTION OF SOYA MILK OR OTHER SOYA PRODUCTS (OTHER THAN SOYA OIL)) is 18%.
Q: Is HSN 84388020 eligible for Input Tax Credit (ITC)?
ITC availability is classified as 'eligible'. Generally, businesses can claim ITC unless used for personal consumption or blocked under Section 17(5).
Q: How to calculate GST amount for FOR PRODUCTION OF SOYA MILK OR OTHER SOYA PRODUCTS (OTHER THAN SOYA OIL)?
Multiply the taxable value by 0.18. For ₹1000 value, GST is ₹180.
Q: Does Reverse Charge (RCM) apply?
No, standard Forward Charge applies.