India is a country that is rich in aquatic biodiversity. The country has a coastline of over 7,000 km, which provides ample opportunities for fishing and related activities. Other Fish is one such commodity that is important for many businesses in India. In this article, we will take a detailed look at the GST rates and HSN code for Other Fish.
Other Fish is a term used to classify fish that are not specifically mentioned in the GST tariff. These are usually small fish that are not commercially important, but are consumed locally. Other Fish includes a wide variety of fish, such as catfish, mackerel, sardines, etc.
Under GST, the tax rate for Other Fish is 5%. This rate is applicable for all types of Other Fish, whether fresh, chilled, or frozen. However, this rate is not fixed and may change from time to time, depending on the government's policies.
HSN stands for Harmonized System of Nomenclature. It is a system that is used to classify goods for taxation purposes. The HSN code for Other Fish is 0302. This code is used to identify and classify Other Fish for tax purposes.In summary, Other Fish is an important commodity for many businesses in India. It is classified under the GST tariff as a commodity that is not specifically mentioned. The tax rate for Other Fish is currently 5%, and the HSN code for Other Fish is 0302. As a business owner or startup founder, it is important to understand the tax implications of different commodities, including Other Fish.
GST Rates and HSN Code for Steel 600 MM or More
GST Rates HSN Code 1003 - Barley
What is GST/HST Credit & Who is eligible