Navigating the taxation and regulatory landscape is essential for businesses dealing with namkeen and savouries. Understanding the applicable GST rates, HSN codes, and compliance with FSSAI guidelines helps ensure legal adherence and smooth operations. This guide covers all you need to know about GST on Namkeen and savouries, how to calculate it, and the important standards to follow, empowering you to make informed business decisions. Check your business loan eligibility to see how you can secure funds to support your business needs.
GST rate
Explore the current GST rates applicable to various products and services, helping businesses comply with taxation requirements efficiently. For a broader understanding of GST and its implications, visit our detailed GST page.
Previous vs. new GST rates on namkeen and savouries: a comparative analysis
Below is a comparative table illustrating the changes between previous and new GST rates on namkeen and savouries:
| Product category | Previous GST rate | New GST rate |
|---|---|---|
| Namkeen | 12% | 5% |
| Savouries | 12% | 5% |
HSN codes for different types of namkeen and savouries
HSN codes are essential for classifying goods under GST. Below is a table listing HSN codes applicable to different types of namkeen and savouries:
| Product type | HSN code | GST rate |
|---|---|---|
| Namkeen | 19059010 | 5% |
| Savouries | 19059020 | 5% |
How to calculate GST on namkeen and savouries
Calculating GST correctly ensures compliance and accurate pricing. Here are the key steps:
- Determine the taxable value of the product.
- Apply the applicable GST rate (currently 5% for namkeen and savouries).
- Calculate GST by multiplying the taxable value by the GST rate.
- Add GST to the base price to get the final selling price.
Use our GST calculator to simplify this process and ensure accuracy. Check your pre-approved business loan offer to access funds quickly for your business needs.
How FSSAI guidelines relate to your namkeen brand
The Food Safety and Standards Authority of India (FSSAI) regulates food safety to protect consumers. For namkeen brands, it is vital to comply with these guidelines which include:
- Proper labelling with ingredients, manufacturing, and expiry dates.
- Displaying the name and registered address of the manufacturer.
- Ensuring hygiene and quality standards during production and packaging.
Learn more about FSSAI requirements on our dedicated FSSAI page.
Conclusion
Understanding GST rates, HSN codes, and regulatory compliance such as FSSAI guidelines is crucial for manufacturers and sellers of namkeen and savouries to ensure smooth business operations and avoid penalties. For businesses looking to manage finances and support growth, exploring financial options like a business loan can provide the necessary working capital and support expansion plans.
