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February 25, 2023
By
Harshini

GST Rates and HSN Code for Live Poultry, Ducks, Geese, Turkeys, and Guinea Fowls

Are you a small or medium business owner or a startup founder who deals with live poultry such as ducks, geese, turkeys, and guinea fowls? If so, it is necessary to know about the GST rates and HSN code for these animals. In this article, we will take a detailed look at the GST rates and HSN code for live poultry, ducks, geese, turkeys, and guinea fowls.

HSN Code for Live Poultry, Ducks, Geese, Turkeys, and Guinea Fowls

The HSN code for live poultry, ducks, geese, turkeys, and guinea fowls is 0105. The HSN code is a six-digit code that is used to classify goods for taxation purposes. The HSN code for live poultry, ducks, geese, turkeys, and guinea fowls falls under the heading of animal products.

GST Rates for Live Poultry, Ducks, Geese, Turkeys, and Guinea Fowls

The GST rates for live poultry, ducks, geese, turkeys, and guinea fowls are as follows:- For live poultry, ducks, geese, turkeys, and guinea fowls, the GST rate is 0%- For dressed poultry, ducks, geese, turkeys, and guinea fowls, the GST rate is 5%- For other poultry products such as eggs, feathers, and down, the GST rate is also 5%The GST rates for live poultry, ducks, geese, turkeys, and guinea fowls are relatively low, which is good news for those who deal with these animals. It is important to note that the GST rates are subject to change, and it is recommended to check the latest GST rates before making any transactions.

Benefits of Knowing the GST Rates and HSN Code for Live Poultry, Ducks, Geese, Turkeys, and Guinea Fowls

Knowing the GST rates and HSN code for live poultry, ducks, geese, turkeys, and guinea fowls can be beneficial for small and medium business owners and startup founders in the following ways:

1. Avoiding Penalties: If you are not aware of the correct GST rates and HSN code, you may end up paying the wrong amount of tax or under-reporting your sales. This can lead to penalties and legal issues.

2. Easy Compliance: Knowing the GST rates and HSN code can make it easier to comply with the tax laws. You can easily calculate the tax amount and file your returns.

3. Competitive Advantage: Knowing the GST rates and HSN code can give you a competitive advantage over other businesses. You can offer more accurate pricing and better services to your customers.

Conclusion

In conclusion, knowing the GST rates and HSN code for live poultry, ducks, geese, turkeys, and guinea fowls is important for small and medium business owners and startup founders. The HSN code for live poultry, ducks, geese, turkeys, and guinea fowls is 0105, and the GST rates are relatively low. By knowing these details, you can avoid penalties, comply with tax laws, and gain a competitive advantage over other businesses.

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