The HSN code for soybean oil is 1507. GST is 5%: 2.5% CGST + 2.5% SGST within a state, or 5% IGST to another state. Refined soybean oil is 5%; the same rate applies to sunflower oil (1512) and groundnut oil (1508).
HSN code and GST rate for soybean oil
| Item | Soybean oil |
|---|---|
| HSN heading | 1507 |
| Description | Soya-bean oil and its fractions, refined or not, not chemically modified |
| GST rate | 5% |
| Same state | 2.5% CGST + 2.5% SGST |
| Other state | 5% IGST |
Refined soybean oil is 5%; the same rate applies to sunflower oil (1512) and groundnut oil (1508).
Example: GST on a ₹1,000 sale of soybean oil
Taxable value ₹1,000.00. Within your state: CGST ₹25.00 + SGST ₹25.00 = ₹50.00, invoice total ₹1,050.00. To a buyer in another state: IGST ₹50.00, the same total.
How to show it on your invoice
Write the HSN code against each item line: at least 4 digits (1507) if your turnover in the previous year was up to ₹5 crore, 6 digits above that. Charge CGST and SGST when the buyer is in your state and IGST when the place of supply is another state. A GST invoice also needs your GSTIN, the buyer's GSTIN for B2B sales, the invoice number and date, the taxable value and the tax for each rate. Make one in a minute with the free GST invoice generator, or keep billing in FundRaksha Book, which fills the HSN and splits the tax for you.