As a small or medium business owner or startup founder in India, it's crucial to stay updated on the latest GST rates and HSN codes for your products. If you're dealing with herrings and cod, then this article is for you. In this article, we'll discuss everything you need to know about GST rates and HSN codes for herrings and cod.
Herrings and cod are two types of fish commonly consumed in India. Both varieties of fish are rich in nutrients and are a popular choice for seafood lovers. Herrings are small, oily fish that are commonly used in pickling or smoking. Cod, on the other hand, is a larger fish that is often used in fish and chips or stews.
The GST rates for herrings and cod are as follows:
ProductGST RateHerrings5%Cod5%
It's important to note that these rates are subject to change. It's always a good idea to keep an eye on the latest updates from the GST council to ensure that you're charging the correct GST rates for your products.
HSN codes are used to classify goods for taxation purposes. The HSN code for herrings and cod is 0303. This code is used for all types of fish, whether fresh, chilled, or frozen.
1. Check the GST rate and HSN code for similar products - If you're selling herrings or cod, check the GST rate and HSN code for other types of fish to get an idea of the appropriate code for your products.
2. Consult with a tax expert - If you're still unsure, it's always a good idea to consult with a tax expert who can guide you through the process of determining the correct HSN code for your products.
As a small or medium business owner or startup founder, it's important to stay updated on the latest GST rates and HSN codes for your products. If you're dealing with herrings and cod, the GST rate is 5% and the HSN code is 0303. By staying informed, you can ensure that you're charging the correct GST rates and avoiding any potential legal issues.
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