HSN Code 2703: Peat, including peat litter
HSN code 2703 classifies peat, including peat litter under India's GST system. GST rate: 5%.
GST Rate Breakdown
- GST Rate: 5%
- CGST + SGST (intra-state): 2.5% + 2.5%
- IGST (inter-state): 5%
Rate reflects the GST 2.0 structure effective 22 September 2025 (slabs 0%, 5%, 18%, 40%). Some items vary by price or type, so confirm the current rate on the official GST portal before invoicing.
The 5% slab covers daily-use items and essentials
The 5% slab covers daily-use items and essentials. Peat, including peat litter sits in this bracket, keeping prices low for consumers. Full ITC available.
Sample Calculation for Peat, including peat litter
- Taxable value: ₹10,000
- GST (5%): ₹500
- Intra-state: ₹250 CGST + ₹250 SGST
- Inter-state: ₹500 IGST
- Total: ₹10,500
When to Use HSN Code 2703
Use HSN code 2703 on every tax invoice for peat, including peat litter. Businesses above ₹5 crore turnover must use the full 6-digit code. E-invoicing requires HSN/SAC on every line item.
FAQs about HSN 2703
What is HSN code 2703?
HSN code 2703 classifies peat, including peat litter under India's GST system. The applicable GST rate is 5%.
What is the GST rate for Peat, including peat litter?
Peat, including peat litter attracts 5% GST. For intra-state sales: 2.5% CGST + 2.5% SGST. For inter-state: 5% IGST.
Is Peat, including peat litter exempt from GST?
No. Peat, including peat litter attracts 5% GST on every taxable sale.