About HSN Code 23040010
HSN Code 23040010 covers Oil-cake and Oil-cake Meal of Soyabean, Expeller Variety and attracts a GST rate of 5%. For intra-state supplies, this is split as 2.5% CGST + 2.5% SGST. For inter-state supplies, 5% IGST is charged. This code falls under the Food & Agriculture sector (Bakery, dairy, spices, cereals, seafood).
How to Use HSN Code 23040010 on GST Invoices
- Include the HSN code 23040010 on every GST invoice for oil-cake and oil-cake meal of soyabean, expeller variety
- 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
Related HSN Codes
- 23040020 — Oil-cake of Soyabean, Solvent Extracted (defatted) Variety
- 23040030 — Meal of Soyabean, Solvent Extracted (defatted)
- 23040090 — Other
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Last verified: 2026-06-26 · Source: CBIC Master Tariff