GST Rate of 5% applicable on Energy G premium oil : AAR | Ruling by Authority of Advance Ruling Andhra Pradesh in matter of Agarwal Industries Private Limited
GST Rate of 5% applicable on Energy G premium oil : AAR
Below is the extract of the ruling
4. We have gone through the application filed by the applicant and the written submission explaining the manufacturing process and the raw material involved in preparation of the said “Energy-G premium oil”. It is submitted before us that the product under question is manufactured out of Vegetable fats / oils and not from animal fats / oils. That being so the classification of product is HSN 1518 and shall be subject to 5% GST as per Schedule I of Notification 1 /2017-C.T (Rate) dated 28.06.2017 and corresponding SGST Notification.
5. Accordingly, we pass the following ruling:
Correct HSN Code of “Energy-G premium oil” is HSN 1518 vide S.No 90 of , Schedule I of Notification 1 /2017-C.T (Rate) dated 28.06.2017 and hence the rate of tax attracts 5%.