GST rates and HSN code 204 for Meat Of Sheep, Goats

For the classification and organization of products across the world, the HSN code is used to discriminate one product from other products. The HSN code is used to exchange goods or services within and outside India. This code stipulates the product for trading, and the code number extends by means of per the business turnover to specify that the belongings comply with GST.

The HSN code & GST rate for Meat Of Sheep Or Goats, Fresh, Chilled, Or Frozen Carcasses, and Halfcarcasses Of Lamb, Frozen is given as 02043000 under Chapter 2 of Meat and Edible Meat Offal. Read this blog to get an understanding of the HSN code for Meat Sheep Or Goats, Fresh, key features, and vital requirements of HSN code for the business of Meat Of Sheep Or Goats, Fresh, Chilled Or Frozen Carcasses, and Halfcarcasses Of Lamb, and Frozen.

Suggested Read: GST rates and 5811 HSN code for Quilted

What is HSN Code 02043000?

The HSN code 02043000 is the code that is used for Meat Of Sheep Or Goats, Fresh, Chilled, Or Frozen Carcasses, besides Halfcarcasses Of Lamb, Frozen. This code comes under Chapter 2 of the HSN code list and is extended into subheadings such as 01, 02, 03, etc., as per the GST rates. These GST charges can be levied on the basis of IGST on interstate transactions and SGST/CGST on trading goods in the state.

HSN Code & GST Rates for 02043000

Here's a complete list of HSN codes for 02043000, along with units and GST rates, which come under Chapter 2 of Meat And Edible Meat Offal. To find more, click on our HSN code finder.

Chapter No	2
Chapter Name	Meat And Edible Meat Offal
Sub Heading	204
HSN Code	2043000
HSN Description	Meat Of Sheep Or Goats, Fresh, Chilled Or Frozen Carcasses And Halfcarcasses Of Lamb, Frozen
Units	kg.
CGST	Nil/2.5%
SGST/UTGST	Nil/2.5%
IGST	Nil/5%
Chapter No	2
Chapter Name	Meat And Edible Meat Offal
Sub Heading	204
HSN Code	2043000
HSN Description	Meat Of Sheep Or Goats, Fresh, Chilled Or Frozen Carcasses And Halfcarcasses Of Lamb, Frozen
Units	kg.
CGST	Nil/2.5%
SGST/UTGST	Nil/2.5%
IGST	Nil/5%

Key Features of HSN code

Here are the key features of the HSN code for different products:

The HSN code is a unique code that is agreed to for different goods for trading. This code consists of 6 digits, characterized by a uniform number. This classifies 5000+ products that are putative worldwide so far.

Moreover, the measurement of the HSN code may vary and is varied as per some factors, such as greater subdivision of products, prolonged product categories, and even covering the business turnover.

Under the classification of the HSN module, there are nearly 21 sections, 99 chapters, 1,244 headings, and 5,244 subheadings in total to enable international trade.

The first two digits characterize the chapter; the next two digits define the category, and further extensions of codes specify more produce specifications or country exact products.

Who Requires HSN Code?

The requirement of the HSN code in Live Horses is compulsory for those who pay taxes on the turnover of their business, which tops Rs. 1.5 crore. When the business turnover exceeds Rs 5 crore, then the HSN code has an 8-digit code and resembles the product description. At the same time, the HSN code is limited to 4 digits if the income is up to Rs. 5 crore.

Note: The aforesaid rates are updated up to the Government GST (Rate) notification no. 05/2020, published on 16th October 2020, to the best of our data. The information related to HSN codes is obtained from the master codes circulated on the NIC's GST e-invoice system. Although we make every possible effort to ensure the information provided is accurate, there may be changes by means of government updates from time to time. Please visit the CBIC website for any elucidations regarding the "Effective Date" for every GST or Cess rate.

Conclusion

The HSN code 02043000 in Meat Of Sheep Or Goats, Fresh, Chilled, Or Frozen Carcasses, and Halfcarcasses Of Lamb, Frozen pays the levies on the turnover of their business. This code is mandatory for businesses that top the turnover of a certain boundary of the business of Rs. 5 crore. This HSN code helps to differentiate and specify the characteristics of products that are used for trading. If you get the Live Horses HSN code 02043000, your business goods get complete documentation and recognition from a diverse choice of items trading.

FAQs

What is the HSN Code for Meat Of Sheep Or Goats, Fresh, Chilled, Or Frozen Carcasses, And Halfcarcasses Of Lamb, Frozen?

The HSN code for Meat Of Sheep Or Goats, Fresh, Chilled, Or Frozen Carcasses, And Halfcarcasses Of Lamb, Frozen is 02043000.

What is covered under HSN Code 02043000?

Meat Of Sheep Or Goats, Fresh, Chilled, Or Frozen Carcasses, And Halfcarcasses Of Lamb, Frozen is roofed under the HSN code 02043000.

Is there any difference between the HS and HSN codes?

The HS (Harmonized System Code) and HSN codes are the same codes used for the delivery of goods. However, the HS code is known by means of the HSN code in India. Like the HS code, the HSN code also includes 6-digit codes.

How is sheep meat graded?

AB indicates two teeth (between one and two years of age) and is stamped on the carcass in green ink. A brown scratch is used for grading B, indicating an older sheep through four teeth, and a carcass with a red score of C will indicate an older animal (mutton) with six or additional adult teeth.

Why do HSN codes vary in length?

The HSN code length may vary, depending on the business turnover. When the business turnover exceeds Rs 5 crore, then the HSN code has an 8-digit code that corresponds to the product description. At the same time, the HSN code is limited to 4 digits if the business is up to Rs. 5 crore.

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