GST Rates and HSN Code for Other Fish, Excluding Livers And Roes

If you’re in the business of selling fish, it’s important to know the GST rates and HSN code for the products you offer. In this article, we’ll be discussing everything you need to know about Other Fish, Excluding Livers And Roes, including its HSN code and GST rates.

What is Other Fish, Excluding Livers And Roes?

Other Fish, Excluding Livers And Roes refers to all fish products that are not liver or roe. This includes fish fillets, fish steaks, fish sticks, and other similar products.

GST Rates for Other Fish, Excluding Livers And Roes

The GST rate for Other Fish, Excluding Livers And Roes is 5%. This means that if you sell Other Fish, Excluding Livers And Roes, you’ll need to add 5% GST to the price of your products.

It’s important to note that if you’re selling fish that is frozen, you may be subject to a different GST rate. According to the GST regulations, frozen fish falls under the category of “goods that are put up in unit containers and intended for sale”. The GST rate for these products is 12%. This means that if you’re selling frozen fish products, you’ll need to add 12% GST to the price of your products.

HSN Code for Other Fish, Excluding Livers And Roes

The HSN code for Other Fish, Excluding Livers And Roes is 0303. This code is used to identify and classify fish products, and is required for all businesses that sell fish products.

Why Knowing the GST Rates and HSN Code for Other Fish, Excluding Livers And Roes is Important

Knowing the GST rates and HSN code for Other Fish, Excluding Livers And Roes is important for a number of reasons. Firstly, it will ensure that you are charging the correct amount of GST on your products, which will help you avoid penalties and fines from the government.

Secondly, it will help you to accurately classify your products and ensure that they are properly accounted for in your financial records. This will make it easier for you to manage your business finances and stay on top of your tax obligations.

Finally, knowing the GST rates and HSN code for Other Fish, Excluding Livers And Roes can help you to provide better customer service. By being able to answer questions about the products you’re selling, you can instill confidence in your customers and build a reputation as a knowledgeable and reliable supplier.

Conclusion

Overall, if you’re in the business of selling Other Fish, Excluding Livers And Roes, it’s important to be aware of the GST rates and HSN code for your products. By doing so, you can avoid penalties and fines, accurately classify your products, and provide better customer service.