As a small or medium business owner or a startup founder in India, it's essential to have a clear understanding of the GST rates and HSN code for different products. In this article, we will be discussing the GST rates and HSN code for flours, meals, and pellets of aquatic invertebrates.
Flours, meals, and pellets of aquatic invertebrates are primarily used as feed for aquatic animals, such as fish and shrimp. These products are made from various aquatic invertebrates, such as krill, shrimp, and squid.
The GST rates for flours, meals, and pellets of aquatic invertebrates fall under the category of "Animal or vegetable fats and oils and their cleavage products; prepared edible fats; animal or vegetable waxes" and are taxed at a rate of 5%.
The HSN code for flours, meals, and pellets of aquatic invertebrates is 2309. This code falls under the category of "Preparations of a kind used in animal feeding."
Understanding the GST rates and HSN code for flours, meals, and pellets of aquatic invertebrates is vital for small and medium business owners and startup founders in India. With this knowledge, you can ensure that you are complying with the tax regulations and avoiding any penalties or fines.
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