GST Rates and HSN Code for Livers, Roes, Milt, Fish Fins, Heads, Tails, Maws

As an Indian Small and Medium business owner or Startup founder involved in the sale of fish or fish products, it is important to know the GST rates and HSN codes for various fish parts. This knowledge will help you accurately calculate your tax liability and avoid penalties or fines for non-compliance. In this article, we will explore the GST rates and HSN codes for Livers, Roes, Milt, Fish Fins, Heads, Tails, Maws.

GST Rates for Livers, Roes, Milt, Fish Fins, Heads, Tails, Maws

The GST rates for various fish parts are as follows:

HSN Code Item Description GST Rate 03022910 Fish Livers and Roes 5%03022920 Fish Milt 5%03022930 Fish Fins 5%03022940 Fish Heads 5%03022990 Fish Tails and Maws 5%

Note that the GST rate for all these fish parts is 5%, irrespective of whether they are fresh or frozen.

HSN Code for Livers, Roes, Milt, Fish Fins, Heads, Tails, Maws

The HSN codes for various fish parts are as follows:

Item Description HSN Code Fish Livers and Roes 03022910 Fish Milt 03022920 Fish Fins 03022930 Fish Heads 03022940 Fish Tails and Maws 03022990

It is important to note that the HSN code for each fish part is specific to that part, and cannot be used interchangeably with the HSN codes for other parts. Also, make sure to enter the correct HSN code while filing your GST returns and invoices.

Conclusion

Knowing the GST rates and HSN codes for various fish parts is crucial for Indian Small and Medium business owners and Startup founders involved in the sale of fish or fish products. Make sure to keep this information handy and update it periodically in case of any changes in the GST rates or HSN codes.