About HSN Code 2306
HSN Code 2306 covers Oil-cake and Other Solid Residues, Whether or not Ground or in the Form of Pellets, Resulting From the Extraction of Vegetable or Microbial Fats or Oils, Other Than Those of Heading 2304 or 2305 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.
How to Use HSN Code 2306 on GST Invoices
- Include the HSN code 2306 on every GST invoice for oil-cake and other solid residues, whether or not ground or in the form of pellets, resulting from the extraction of vegetable or microbial fats or oils, other than those of heading 2304 or 2305
- 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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