About HSN Code 071120

HSN Code 071120 covers Olives and attracts a GST rate of 0%. This category is exempt from GST (0% rate).

How to Use HSN Code 071120 on GST Invoices

• Include the HSN code 071120 on every GST invoice for olives
• Businesses with turnover above ₹5 crore must use 6-digit HSN codes
• Turnover between ₹1.5–5 crore: 4-digit codes are sufficient
• The HSN code must match the product/service description on your invoice
• Incorrect HSN codes can lead to GST notices and ITC mismatches

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