GST Tax Rates for Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes

 

Introduction

The GST tax rate has been released by the government of India along with the GST rate schedule. Under this article, we wish to present the GST tax rates on chapter 27 Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes along with the main heading of HSN code.

Chapter-27- Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes

This chapter contains the GST tax rates released by the government on Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes which are covered under chapter 27 of HSN code.

 

1. Mineral fuels, mineral  oils  and products  of  their distillation; bituminous substances; mineral waxes taxed at NIL rate of  GST

There is no item here.

 

2. Mineral fuels, mineral  oils  and products  of  their distillation; bituminous substances; mineral waxes taxed at 5 % rate of GST

HSN Code	Description
2701	Coal; briquettes, ovoids and similar solid   fuels manufactured from coal
2702	Lignite, whether or not agglomerated, excluding jet.
2703	Peat (including peat litter), whether or not agglomerated
2704	Coke and semi-coke of coal, of lignite or of peat, whether or not agglomerated; retort carbon
2706	Tar distilled from coal, from lignite or from peat Kerosene PDS
	Liquefied Propane and Butane mixture, Liquefied Propane, Liquefied Butane and Liquefied Petroleum Gases (LPG) for supply to household domestic consumers or to non-domestic exempted category (NDEC) customers by the   Indian   Oil Corporation Limited,   Hindustan Petroleum Corporation Limited or Bharat Petroleum Corporation Limited.
2705	Coal gas, water gas, producer gas and similar gases, other than petroleum gases and other gaseous hydrocarbons

 

3. Mineral fuels, mineral  oils  and products  of  their distillation; bituminous substances; mineral waxes taxed at 12% rate of GST

HSN Code	Description
	Bio-gas

 

4. Mineral fuels, mineral  oils  and products  of  their distillation; bituminous substances; mineral waxes taxed at 18 % rate of GST 

HSN Code	Description
All  goods  not  specified elsewhere
2707	Oils and other products of the distillation of high-temperature coal tar; similar products in which the weight of the aromatic constituents  exceeds that of the non- aromatic constituents, such as Benzole  (benzene), Toluole (toluene), Xylole (xylenes), Naphthelene
2708	Pitch and pitch coke, obtained from coal tar or from other mineral tars.
2710	Petroleum oils and oils obtained from bituminous minerals, other than crude; preparations not elsewhere specified or included, containing by weight 70% or more of petroleum oils or of oils obtained from bituminous minerals, these oils being the basic constituents of the preparations; waste oils; [other than Avgas and Kerosene PDS], such as Superior Kerosene Oil (SKO), Fuel Oil, Base oil, Jute Batching oil and textile oil, Lubricating oil, Waste oil [Other than Petrol, Diesel and ATF, not in GST]
2711	Petroleum gases and   other gaseous hydrocarbons, such as Propane, Butanes, Ethylene,  propylene, butylene and butadiene [Other than Liquefied Propane and  Butane  mixture, Liquefied Propane, Liquefied Butane and Liquefied  Petroleum Gases (LPG) for supply to household domestic consumers or to non-domestic exempted category (NDEC) customers by the Indian Oil Corporation Limited, Hindustan Petroleum Corporation  Limited or  Bharat  Petroleum Corporation Limited,]
2712	Petroleum jelly;   paraffin wax, micro-crystalline petroleum wax, slack wax, ozokerite, lignite wax, peat wax, other mineral waxes, and similar products obtained by synthesis or by other processes, whether or not coloured.
2713	Petroleum coke, petroleum bitumen and other residues of petroleum oils or of oils obtained from bituminous minerals.
2714	Bitumen and asphalt, natural; bituminous or oil shale and tar sands; asphaltites and asphaltic rocks.
2715	Bituminous mixtures based on natural asphalt, on natural bitumen,  on petroleum bitumen, on mineral tar or on mineral tar pitch (for example, bituminous mastics, cut-backs).

 

5. Mineral fuels, mineral  oils  and products  of  their distillation; bituminous substances; mineral waxes taxed at 28 % rate of GST

HSN Code	Description
2710	Avgas

 

Conclusion

We have mentioned here the GST tax rates on Mineral fuels, mineral oils and products of  their distillation; bituminous substances; mineral waxes which are covered under Chapter 27 of the HSN code. In case you have any query, you can contact us at info@hubco.in