February 25, 2023
Pranjal Gupta


If you are a small or medium-sized business owner or a startup founder dealing in live fish or seafood, you might be wondering about the GST rates and HSN code for this product. In this article, we will cover all the details you need to know regarding live fish, including the GST rates, HSN code, and other important information to help you understand how GST applies to this product.

GST Rates for Live Fish

The GST rates for live fish are determined by the government and are applicable to all businesses dealing in this product. Currently, the GST rate for live fish is 5%. This rate is applicable to all types of live fish, including freshwater fish, marine fish, and other aquatic animals.

The 5% GST rate on live fish is a part of the GST regime, which was introduced in India in 2017 to streamline the indirect tax system and make it easier for businesses to comply with tax regulations. The GST on live fish is a good thing for businesses, as it eliminates the need for multiple taxes like Central Excise duty, Service Tax, and Value Added Tax (VAT).

HSN Code for Live Fish

The Harmonized System of Nomenclature (HSN) code is a globally recognized system of names and numbers used to classify products for taxation purposes. For live fish, the HSN code is 0301. This code is used to identify live fish and other aquatic animals, including crustaceans, mollusks, and aquatic invertebrates.

The HSN code for live fish is an important aspect of GST compliance, as it helps businesses to classify their products correctly and avoid any confusion or errors in tax calculations. The HSN code for live fish is also useful for businesses that want to export or import this product, as it helps customs officials to identify the product and determine the applicable tax rates.

Other Important Information

Aside from the GST rates and HSN code, there are a few other important things that businesses dealing in live fish should be aware of. For instance, businesses need to maintain detailed records of their transactions, including invoices, receipts, and other documents related to the sale or purchase of live fish. This is important for compliance with GST regulations and can also help businesses to manage their finances more effectively.

It is also important for businesses dealing in live fish to ensure that their suppliers and customers are also registered under GST. This is because GST is a destination-based tax, meaning that the tax is paid in the state where the goods are consumed or used. If your supplier or customer is not registered under GST, you may have to pay additional tax, which can increase your costs and affect your profit margins.


Overall, the GST rates and HSN code for live fish are important factors that businesses need to consider when dealing in this product. By understanding these aspects of GST compliance, businesses can ensure that they are following the regulations correctly and can avoid any penalties or fines for non-compliance. Additionally, understanding the GST rates and HSN code for live fish can help businesses to manage their finances more effectively and make more informed decisions about their operations.


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