Under the GST regime, HSN Code 16055700 classifies Crustaceans, Molluscs And Other Aquatic Invertebrates, Prepared Or Preserved- Molluscs--Abalone 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--Abalone. 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 16055700
Goods classified as Crustaceans, Molluscs And Other Aquatic Invertebrates, Prepared Or Preserved- Molluscs--Abalone under HSN 16055700 are taxed based on transaction type. Local sales attract CGST at 6.00% plus SGST/UTGST at 6.00%. For supplies crossing state boundaries, IGST at 12.00% applies. Documentation must reflect kg. as the measurement standard for Chapter 16 – Preparations Of Meat, Of Fish products.
Who Should Use HSN Code 16055700?
Every entity transacting in Crustaceans, Molluscs And Other Aquatic Invertebrates, Prepared Or Preserved- Molluscs--Abalone must quote HSN Code 16055700 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
Looking to deal in Crustaceans, Molluscs And Other Aquatic Invertebrates, Prepared Or Preserved- Molluscs--Abalone? GST registration is your first compliance requirement for HSN 16055700 goods. International traders in Preparations Of Meat, Of Fish products must obtain an Import Export Code. AD Code registration facilitates export payment processing. Company registration should precede all other business approvals.
Why Correct Classification Matters
Proper use of HSN Code 16055700 for Crustaceans, Molluscs And Other Aquatic Invertebrates, Prepared Or Preserved- Molluscs--Abalone streamlines audit processes and supports valid credit claims. Stay updated on 6.00%, 6.00%, and 12.00% rates for Chapter 16 – Preparations Of Meat, Of Fish through government circulars to ensure uninterrupted compliance.
Frequently Asked Questions (FAQs)
What is the unit of measurement for HSN 16055700?
The standard unit of measurement for Crustaceans, Molluscs And Other Aquatic Invertebrates, Prepared Or Preserved- Molluscs--Abalone under HSN Code 16055700 is kg.. All invoices and GST returns must reflect quantities using this measurement standard.
Is HSN Code 16055700 mandatory for small businesses?
Yes, businesses dealing in Crustaceans, Molluscs And Other Aquatic Invertebrates, Prepared Or Preserved- Molluscs--Abalone must use HSN 16055700 on invoices regardless of their size. The number of digits required may vary based on turnover thresholds set by GST rules.
What happens if I use wrong HSN code for Crustaceans, Molluscs And Other Aquatic Invertebrates, Prepared Or Preserved- Molluscs--Abalone?
Using incorrect classification can result in wrong tax calculation, rejected input credits, and penalties during assessment. Always verify HSN 16055700 for Preparations Of Meat, Of Fish goods before invoicing.
Do I need AD Code registration for exporting Crustaceans, Molluscs And Other Aquatic Invertebrates, Prepared Or Preserved- Molluscs--Abalone?
Yes, AD Code registration is required for exporters dealing in Crustaceans, Molluscs And Other Aquatic Invertebrates, Prepared Or Preserved- Molluscs--Abalone under Preparations Of Meat, Of Fish. This registration links your bank account to process foreign currency payments from overseas buyers.