HSN code 120721 is
a 6-digit Harmonized System of Nomenclature (HSN) code used in India for GST classification.
It covers: Seed.
This code falls under Chapter 12
(Oil Seeds) of the Indian GST tariff.
The applicable GST rate is 5%
(CGST 2.5% + SGST 2.5% for intra-state, or IGST 5% for inter-state transactions).
Who needs this code? Any GST-registered business supplying
goods classified under this
HSN code must quote it on their tax invoices.
Turnover above ₹5 crore requires 6-digit codes;
exporters must use 8-digit HSN codes.
Frequently Asked Questions
What is HSN code 120721?
HSN 120721 refers to: Seed. It belongs to Chapter 12 (Oil Seeds) of the GST tariff.
What is the GST rate for HSN code 120721?
The GST rate for HSN code 120721 is 5% — CGST 2.5% + SGST 2.5% for intra-state, or IGST 5% for inter-state supply.
Is HSN code 120721 mandatory on invoices?
Yes. If your business supplies goods/services under this code, you must quote the HSN/SAC code on GST invoices. Businesses with turnover below ₹5 crore use 4-digit HSN; above ₹5 crore use 6-digit; exporters use 8-digit.
What chapter does HSN code 120721 belong to?
HSN code 120721 belongs to Chapter 12 of the GST tariff, which covers Oil Seeds.