Rate of tax

[Abhimanyu Juneja]

Please tell about Rate of Tax and HSN Code of Wastage known as Gad which is wastage of oil when caustic soda is mixed with oil manufactured from cotton seed

[CASeetharaman KC]

Rate of Tax would be 18% and HSN Code should be 1522

1522 - Degras , residues resulting from the Treatment of fatty substances or animal or vegetable waxes

AI Summary

Rate of Tax for oil wastage (gad) classified as residues from fatty substances attracts standard GST. The oil wastage called gad, produced when caustic soda is mixed with cottonseed oil, is classifiable as residues resulting from the treatment of fatty substances or vegetable waxes under HSN Code 1522 and attracts the standard goods and services tax rate applicable to such residues.