Under the GST regime, HSN Code 16055500 classifies Crustaceans, Molluscs And Other Aquatic Invertebrates, Prepared Or Preserved- Molluscs- Octopus within Chapter 16 – Preparations Of Meat, Of Fish. This code is essential for businesses to correctly calculate and remit taxes on Crustaceans, Molluscs And Other Aquatic Invertebrates, Prepared Or Preserved- Molluscs- Octopus. The applicable rates are CGST at 6.00%, SGST/UTGST at 6.00% for within-state sales, and IGST at 12.00% for interstate supplies. Goods are quantified using kg..
HSN Codes under Chapter 16 – Preparations Of Meat, Of Fish
Below are related HSN codes from Chapter 16 – Preparations Of Meat, Of Fish for your reference:
| Chapter | HSN Code | Description | CGST | SGST/UTGST | IGST |
|---|---|---|---|---|---|
| Preparations Of Meat, Of Fish... | 16010000 | Sausages And Similar Products, Of Meat, Meat Offal... | 0.06 | 0.06 | 0.12 |
| Preparations Of Meat, Of Fish... | 16021000 | Other Prepared Or Preserved Meat, Meat Offal Or Bl... | 6.00% | 6.00% | 12.00% |
| Preparations Of Meat, Of Fish... | 16022000 | Other Prepared Or Preserved Meat, Meat Offal Or Bl... | 6.00% | 6.00% | 12.00% |
| Preparations Of Meat, Of Fish... | 16023100 | Other Prepared Or Preserved Meat, Meat Offal Or Bl... | 6.00% | 6.00% | 12.00% |
| Preparations Of Meat, Of Fish... | 16023200 | Other Prepared Or Preserved Meat, Meat Offal Or Bl... | 6.00% | 6.00% | 12.00% |
| Preparations Of Meat, Of Fish... | 16023900 | Other Prepared Or Preserved Meat, Meat Offal Or Bl... | 6.00% | 6.00% | 12.00% |
| Preparations Of Meat, Of Fish... | 16024100 | Other Prepared Or Preserved Meat, Meat Offal Or Bl... | 6.00% | 6.00% | 12.00% |
| Preparations Of Meat, Of Fish... | 16024200 | Other Prepared Or Preserved Meat, Meat Offal Or Bl... | 6.00% | 6.00% | 12.00% |
| Preparations Of Meat, Of Fish... | 16024900 | Other Prepared Or Preserved Meat, Meat Offal Or Bl... | 6.00% | 6.00% | 12.00% |
| Preparations Of Meat, Of Fish... | 16025000 | Other Prepared Or Preserved Meat, Meat Offal Or Bl... | 6.00% | 6.00% | 12.00% |
GST Rates for HSN 16055500
The taxation of Crustaceans, Molluscs And Other Aquatic Invertebrates, Prepared Or Preserved- Molluscs- Octopus under HSN Code 16055500 depends on supply location. Intrastate transactions require CGST at 6.00% and SGST/UTGST at 6.00%. Interstate supplies are charged IGST at 12.00%. Invoices should consistently use kg. for Preparations Of Meat, Of Fish goods under Chapter 16.
Who Should Use HSN Code 16055500?
Every entity transacting in Crustaceans, Molluscs And Other Aquatic Invertebrates, Prepared Or Preserved- Molluscs- Octopus must quote HSN Code 16055500 on invoices. This includes traders, distributors, and e-commerce sellers operating under Preparations Of Meat, Of Fish. Chapter 16 mandates this classification for accurate tax computation across the supply chain.
Business Registration Requirements
Planning to trade in Crustaceans, Molluscs And Other Aquatic Invertebrates, Prepared Or Preserved- Molluscs- Octopus? Complete GST registration to legally collect taxes on goods under HSN 16055500. Businesses importing or exporting Preparations Of Meat, Of Fish products require an Import Export Code. AD Code registration is essential for exporters to process international payments. Entrepreneurs should secure company registration as the foundational step.
Why Correct Classification Matters
Accurate application of HSN Code 16055500 for Crustaceans, Molluscs And Other Aquatic Invertebrates, Prepared Or Preserved- Molluscs- Octopus enables legitimate input tax credit claims and prevents assessment disputes. Businesses under Chapter 16 – Preparations Of Meat, Of Fish should monitor rate updates (6.00%, 6.00%, 12.00%) through official notifications to maintain seamless compliance.
Frequently Asked Questions (FAQs)
What is HSN Code 16055500 used for?
HSN Code 16055500 is used to classify Crustaceans, Molluscs And Other Aquatic Invertebrates, Prepared Or Preserved- Molluscs- Octopus under Chapter 16 – Preparations Of Meat, Of Fish for GST purposes. Businesses must mention this code on invoices to ensure correct tax calculation and compliance.
What are the GST rates applicable on HSN 16055500?
For Crustaceans, Molluscs And Other Aquatic Invertebrates, Prepared Or Preserved- Molluscs- Octopus, CGST applies at 6.00% and SGST/UTGST at 6.00% for intrastate supplies. Interstate transactions are taxed under IGST at 12.00%.
Do I need GST registration to trade in Crustaceans, Molluscs And Other Aquatic Invertebrates, Prepared Or Preserved- Molluscs- Octopus?
Yes, GST registration is mandatory for businesses dealing in Crustaceans, Molluscs And Other Aquatic Invertebrates, Prepared Or Preserved- Molluscs- Octopus under HSN 16055500. This enables you to legally collect taxes and claim input credits on purchases.
What registrations are required for importing Crustaceans, Molluscs And Other Aquatic Invertebrates, Prepared Or Preserved- Molluscs- Octopus?
For importing goods under Preparations Of Meat, Of Fish, you need GST registration along with an Import Export Code. Exporters should also obtain AD Code registration for processing international payments.