HSN Code 1301
Lac, shellac and similar natural gums and resins
HSN Code1301
DescriptionLac, shellac and similar natural gums and resins
CategoryGums & Resins
GST Rate5%
CGST + SGST (Intra-state)2.5% + 2.5%
IGST (Inter-state)5%
Example Calculation
On a taxable value of ₹10,000.00: GST = ₹500.00, Total = ₹10,500.00
Related HSN Codes in Gums & Resins
| HSN Code | Description | GST Rate |
|---|---|---|
| 1302 | Vegetable saps and extracts (henna, aloe) | 5% |
About HSN Code 1301
HSN code 1301 is used to classify lac, shellac and similar natural gums and resins under the Goods and Services Tax (GST) system in India. This code falls under the Gums & Resins category and attracts a GST rate of 5%.
HSN (Harmonized System of Nomenclature) is an internationally standardized system of names and numbers to classify traded products. Under GST, businesses with turnover above ₹5 crore must report 6-digit HSN codes on invoices, while those between ₹1.5 crore and ₹5 crore must report 4-digit codes.