GST Rates and HSN Code for Fish, Salted

Fish is a staple food item in India, with salted fish being a popular variation. Due to its popularity, it is important to understand the GST rates and HSN code for Fish, Salted for small and medium business owners and startup founders. In this article, we will discuss the GST rates and HSN code applicable to Fish, Salted.

GST Rates for Fish, Salted

The GST rates for Fish, Salted vary depending on the nature of the goods. Fish, Salted falls under the category of fish and fish products, which carries GST rates ranging from 0% to 12%. The applicable GST rate for Fish, Salted is 5%.

It is important to note that the GST rates for Fish, Salted may be subject to change from time to time. We recommend consulting with a tax expert or referring to the GST council website for the latest updates.

HSN Code for Fish, Salted

HSN codes are used to classify goods and services under the GST regime. Fish, Salted carries a specific HSN code, which is 0305. This code is used to identify Fish, Salted under the GST regime and is required for GST compliance.

It is important to ensure that the correct HSN code is used for Fish, Salted to avoid any non-compliance issues with the GST authorities. This can result in penalties and fines which can be detrimental for small and medium business owners and startup founders.

Conclusion

In conclusion, small and medium business owners and startup founders must be aware of the GST rates and HSN code for Fish, Salted. The applicable GST rate for Fish, Salted is 5%, and the HSN code is 0305. It is important to ensure that the correct HSN code is used for Fish, Salted to avoid any non-compliance issues with the GST authorities. We recommend consulting with a tax expert or referring to the GST council website for the latest updates on GST rates and HSN codes.