India is the largest producer of fish in the world, and fish is an essential part of the Indian diet. Frozen fillets have become increasingly popular as they help to increase the shelf life of fish and make it more convenient for consumption. However, with the introduction of the Goods and Services Tax (GST), there have been many questions regarding the GST rates and HSN code for frozen fillets.
GST is a comprehensive tax levied on the supply of goods and services in India. It has replaced all the indirect taxes that were levied by the central and state governments, such as excise duty, service tax, and value-added tax (VAT). GST has simplified the tax system and has brought in a unified tax structure for the country.
HSN code stands for the Harmonized System of Nomenclature. It is a system that is used to classify goods and services for taxation purposes. HSN codes are used to categorize goods and services for GST purposes, making it easier for the government to levy taxes on them.
The GST rates for frozen fillets are different for different types of fish. The GST rate for frozen fish fillets of fish falling under the tariff heading 0304 is 5%. This means that if you are buying or selling frozen fish fillets, you will be charged 5% GST.
The HSN code for frozen fish fillets of fish falling under the tariff heading 0304 is 0304 22 00. This code is used to classify frozen fish fillets for taxation purposes. If you are buying or selling frozen fish fillets, you will have to use this HSN code for GST purposes.
The GST rates and HSN code for frozen fillets are essential for businesses dealing with fish fillets. It is crucial to understand the tax structure to avoid any legal issues. The GST rates and HSN code for frozen fillets fall under the tariff heading 0304, and the GST rate is 5%. The HSN code for frozen fish fillets of fish falling under the tariff heading 0304 is 0304 22 00.
OTHER LIVE FISH - GST RATES HSN CODE 3019
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