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Published on:
February 25, 2023
By
Harshini

GST Rate  HSN Code for Fish and Crustaceans, Molluscs, and Other Aquatic Invertebrates - Chapter 3

India has moved towards a GST regime with the introduction of the Goods and Services Tax (GST) in 2017. It is a comprehensive indirect tax levied on the supply of goods and services throughout India. The GST Council has classified different goods and services into different tax slabs, which vary from 0% to 28%. Chapter 3 of the GST Tariff deals with fish and crustaceans, molluscs, and other aquatic invertebrates. This chapter includes all types of fish, whether fresh or chilled, frozen, dried, salted or in brine, smoked or cooked in any other way. It also includes all types of crustaceans, molluscs, and other aquatic invertebrates, whether live, fresh, chilled, frozen, dried, salted, or in brine, smoked, or cooked in any other way.

HSN Code for Fish and Crustaceans, Molluscs, and Other Aquatic Invertebrates

HSN (Harmonized System of Nomenclature) code is a unique code assigned to each commodity to identify it for trade. The HSN code for fish and crustaceans, molluscs, and other aquatic invertebrates is as follows:- Live fish - HSN code 0301- Fresh or chilled fish - HSN code 0302- Frozen fish - HSN code 0303- Dried fish, salted or in brine; smoked fish - HSN code 0304- Crustaceans, molluscs and other aquatic invertebrates - HSN code 0306GST Rates for Fish and Crustaceans, Molluscs, and Other Aquatic InvertebratesBelow is the GST rate for fish and crustaceans, molluscs, and other aquatic invertebrates:- Live fish - Nil- Fresh or chilled fish - 5%- Frozen fish - 5%- Dried fish, salted or in brine; smoked fish - 5%- Crustaceans, molluscs, and other aquatic invertebrates - 5%It is important to note that the GST rate for fish and crustaceans, molluscs, and other aquatic invertebrates is subject to change by the GST Council. Therefore, it is always advisable to check the latest GST rates before filing your GST returns.

Conclusion

Fish and crustaceans, molluscs, and other aquatic invertebrates fall under Chapter 3 of the GST Tariff. The HSN code for different types of fish and aquatic invertebrates is unique and helps in identifying them for trade. The GST rates for fish and crustaceans, molluscs, and other aquatic invertebrates vary between 0% to 5% depending upon the type of fish. It is important to keep yourself updated with the latest GST rates to avoid any compliance issues.

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Updated on:
March 16, 2024