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Wheat attracts 5% GST under HSN code 1001. Calculate the exact tax below.
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Wheat is classified under HSN code 1001 for GST purposes. The Harmonized System of Nomenclature (HSN) code is used to classify goods systematically. This code must be mentioned on GST invoices when billing for wheat.
Wheat was exempt from GST until July 2022. A 5% GST was introduced on pre-packaged and labelled wheat products. Loose wheat continues to be exempt.
Yes, input tax credit (ITC) is available on wheat for registered businesses. If you purchase wheat for business purposes, the GST paid (5%) can be claimed as ITC against your output tax liability, subject to conditions under Section 16 of the CGST Act.
Here are example calculations showing GST on wheat at 5% for common price points:
| Base Price | GST (5%) | CGST (2.5%) | SGST (2.5%) | Total |
|---|---|---|---|---|
| ₹400 | ₹20 | ₹10 | ₹10 | ₹420 |
| ₹1,000 | ₹50 | ₹25 | ₹25 | ₹1,050 |
| ₹2,000 | ₹100 | ₹50 | ₹50 | ₹2,100 |
| ₹5,000 | ₹250 | ₹125 | ₹125 | ₹5,250 |
More in Food & Beverages:
Other items at 5% GST:
Wheat attracts 5% GST in India under HSN code 1001. For intra-state sales, this is split into 2.5% CGST and 2.5% SGST. For inter-state sales, 5% IGST applies.
The HSN code for Wheat is 1001. HSN (Harmonized System of Nomenclature) codes are used to classify goods under GST. This code should be mentioned on all GST invoices.
To add 5% GST on wheat: GST Amount = Base Price × 5/100. Total = Base Price + GST Amount. For example, on ₹1,000: GST = ₹50, Total = ₹1,050.
Yes, registered businesses can claim input tax credit on wheat purchased for business purposes. The 5% GST paid can be offset against your output GST liability, subject to Section 16 conditions of the CGST Act.
Wheat was exempt from GST until July 2022. A 5% GST was introduced on pre-packaged and labelled wheat products. Loose wheat continues to be exempt.