GST Rates and HSN Code for Other Fish, Excluding Edible Fish Offal

The Goods and Services Tax (GST) is an indirect tax levied on the supply of goods and services in India. GST rates for various goods and services are classified into four categories - 5%, 12%, 18%, and 28%. Other Fish, Excluding Edible Fish Offal, is one of the categories under HSN code 0303. In this article, we will discuss the GST Rates and HSN Code for Other Fish, Excluding Edible Fish Offal.

Classification of Other Fish, Excluding Edible Fish Offal

Other Fish, Excluding Edible Fish Offal refers to all types of fish that are not fit for human consumption or are not harvested for edible purposes. This category includes fish that are used for medicinal purposes, fish that are used as bait or feed for other animals, and fish that are used for industrial purposes such as the production of fish oil, fertilizer, or animal feed.

GST Rates for Other Fish, Excluding Edible Fish Offal

The GST rates for Other Fish, Excluding Edible Fish Offal are classified under the 5% tax bracket. This means that businesses engaged in the production or sale of these fish will have to pay a tax of 5% on the total value of the goods supplied.

HSN Code for Other Fish, Excluding Edible Fish Offal

The HSN code for Other Fish, Excluding Edible Fish Offal is 030389. This code is used by businesses engaged in the production or sale of these fish to classify their goods and pay the correct amount of GST. Businesses are required to mention the HSN code for their products in their invoices and other documents.

Conclusion

Understanding the GST rates and HSN code for Other Fish, Excluding Edible Fish Offal is important for businesses engaged in the fishing industry. By correctly classifying their products and paying the correct amount of tax, businesses can avoid penalties and legal issues. We hope this article has helped you understand the classification, tax rates, and HSN code for Other Fish, Excluding Edible Fish Offal.