Aquatic invertebrates - GST Rates HSN Code 308

Aquatic invertebrates are a diverse group of animals that live in water and lack a backbone. They are important for the health of aquatic ecosystems and play a crucial role in nutrient cycling, water filtration, and food webs. Aquatic invertebrates are also used for human consumption, recreation, and scientific research.

Under the Goods and Services Tax (GST) regime, aquatic invertebrates are classified under the Harmonized System of Nomenclature (HSN) code 0308. GST rates and HSN code for aquatic invertebrates vary depending on the type of species and their intended use. In this article, we will discuss the GST rates and HSN code for aquatic invertebrates in detail.

GST Rates for Aquatic Invertebrates

The GST Council has classified aquatic invertebrates under two categories:

Fresh, chilled, or frozen aquatic invertebrates
Dried or salted aquatic invertebrates

The GST rates for these categories are as follows:

HSN CodeCategoryGST Rate0308 11 00Fresh, chilled, or frozen aquatic invertebrates5%0308 19 00Fresh, chilled, or frozen other aquatic invertebrates5%0308 22 00Dried or salted shrimp and prawn5%0308 29Dried or salted other aquatic invertebrates5%

It is important to note that the 5% GST rate is applicable for fresh, chilled, or frozen aquatic invertebrates, regardless of their intended use. However, for dried or salted aquatic invertebrates, the 5% GST rate applies only if they are intended for human consumption. If the dried or salted aquatic invertebrates are intended for other purposes, such as pet food or scientific research, then the GST rate is 12%.

HSN Code for Aquatic Invertebrates

As mentioned earlier, aquatic invertebrates are classified under the HSN code 0308. The HSN code for aquatic invertebrates is further divided into subcategories based on the type of species and their intended use. The HSN codes for aquatic invertebrates are as follows:

1. 0308 11 - Live, fresh, chilled, or frozen shrimp and prawn

2. 0308 12 - Live, fresh, chilled, or frozen other crustaceans

3. 0308 13 - Live, fresh, chilled, or frozen mollusks

4. 0308 14 - Live, fresh, chilled, or frozen other aquatic invertebrates

5. 0308 22 - Dried or salted shrimp and prawn

6. 0308 23 - Dried or salted other crustaceans

7. 0308 24 - Dried or salted mollusks

8. 0308 29 - Dried or salted other aquatic invertebrates

Conclusion

In summary, aquatic invertebrates are an important group of animals that are used for various purposes. Under the GST regime, aquatic invertebrates are classified under the HSN code 0308 and are subject to different GST rates depending on their intended use. The 5% GST rate applies to fresh, chilled, or frozen aquatic invertebrates regardless of their intended use. However, for dried or salted aquatic invertebrates, the 5% GST rate applies only if they are intended for human consumption. If they are intended for other purposes, such as pet food or scientific research, then the GST rate is 12%. It is important for business owners and startup founders dealing with aquatic invertebrates to have a clear understanding of the GST rates and HSN code to avoid any confusion or penalties.