HSN Code 3037992 provides the tax classification for Fish, Frozen, Excluding Fish Fillets Andother Fish Meat Of Heading 0304 Other : Edible Shark Fins Of Wild Life under Chapter 3 – Fish And Crustaceans, Mollusc of the GST tariff. Businesses dealing in Fish, Frozen, Excluding Fish Fillets Andother Fish Meat Of Heading 0304 Other : Edible Shark Fins Of Wild Life must use this code for proper invoicing and return filing. Applicable taxes include CGST at Nil/2.5%, SGST/UTGST at Nil/2.5%, and IGST at Nil/5%. The recognized unit of measurement is kg..
HSN Codes under Chapter 3 – Fish And Crustaceans, Mollusc
Below are related HSN codes from Chapter 3 – Fish And Crustaceans, Mollusc for your reference:
| Chapter | HSN Code | Description | CGST | SGST/UTGST | IGST |
|---|---|---|---|---|---|
| Fish And Crustaceans, Mollusc... | 3011100 | Live Fish -Ornamental Fish--Freshwater | Nil | Nil | Nil |
| Fish And Crustaceans, Mollusc... | 3011900 | Live Fish -Ornamental Fish--Other | Nil | Nil | Nil |
| Fish And Crustaceans, Mollusc... | 3019100 | Live Fishother Live Fish Trout (Salmo Trutta, Onco... | Nil | Nil | Nil |
| Fish And Crustaceans, Mollusc... | 3019200 | Live Fishother Live Fish Eels (Anguilla Spp.) | Nil | Nil | Nil |
| Fish And Crustaceans, Mollusc... | 3019300 | Carp (Cyprinus Spp., Carassius Spp., Ctenopharyngo... | Nil | Nil | Nil |
| Fish And Crustaceans, Mollusc... | 3019400 | Live Fish-Other Live Fish-- Bluefin Tunas (Thunnus... | Nil | Nil | Nil |
| Fish And Crustaceans, Mollusc... | 3019500 | Live Fish-Other Live Fish--Southern Bluefin Tunas ... | Nil | Nil | Nil |
| Fish And Crustaceans, Mollusc... | 3019900 | Live Fishother Live Fish Other | Nil | Nil | Nil |
| Fish And Crustaceans, Mollusc... | 3021100 | Fish, Fresh Or Chilled, Excluding Fishfillets And ... | Nil | Nil | Nil |
| Fish And Crustaceans, Mollusc... | 3021300 | Fish, Fresh Or Chilled, Excluding Fishfillets And ... | Nil | Nil | Nil |
GST Rates for HSN 3037992
The tax structure for Fish, Frozen, Excluding Fish Fillets Andother Fish Meat Of Heading 0304 Other : Edible Shark Fins Of Wild Life under HSN Code 3037992 follows a dual taxation model. CGST is levied at Nil/2.5% and SGST/UTGST at Nil/2.5% for intrastate sales. Interstate transactions attract IGST at Nil/5%. All invoices must record quantities in kg. as the standard measurement for goods under Chapter 3 – Fish And Crustaceans, Mollusc.
Who Should Use HSN Code 3037992?
Every entity transacting in Fish, Frozen, Excluding Fish Fillets Andother Fish Meat Of Heading 0304 Other : Edible Shark Fins Of Wild Life must quote HSN Code 3037992 on invoices. This includes traders, distributors, and e-commerce sellers operating under Fish And Crustaceans, Mollusc. Chapter 3 mandates this classification for accurate tax computation across the supply chain.
Business Registration Requirements
Starting a business involving Fish, Frozen, Excluding Fish Fillets Andother Fish Meat Of Heading 0304 Other : Edible Shark Fins Of Wild Life? GST registration is mandatory for collecting and remitting taxes on HSN 3037992 goods. Companies planning international trade within Fish And Crustaceans, Mollusc must obtain an Import Export Code. Exporters need AD Code registration for receiving foreign payments. New entrepreneurs should complete company registration before pursuing trade-specific approvals.
Why Correct Classification Matters
Accurate application of HSN Code 3037992 for Fish, Frozen, Excluding Fish Fillets Andother Fish Meat Of Heading 0304 Other : Edible Shark Fins Of Wild Life enables legitimate input tax credit claims and prevents assessment disputes. Businesses under Chapter 3 – Fish And Crustaceans, Mollusc should monitor rate updates (Nil/2.5%, Nil/2.5%, Nil/5%) through official notifications to maintain seamless compliance.
Frequently Asked Questions (FAQs)
What is the unit of measurement for HSN 3037992?
The standard unit of measurement for Fish, Frozen, Excluding Fish Fillets Andother Fish Meat Of Heading 0304 Other : Edible Shark Fins Of Wild Life under HSN Code 3037992 is kg.. All invoices and GST returns must reflect quantities using this measurement standard.
Is HSN Code 3037992 mandatory for small businesses?
Yes, businesses dealing in Fish, Frozen, Excluding Fish Fillets Andother Fish Meat Of Heading 0304 Other : Edible Shark Fins Of Wild Life must use HSN 3037992 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 Fish, Frozen, Excluding Fish Fillets Andother Fish Meat Of Heading 0304 Other : Edible Shark Fins Of Wild Life?
Using incorrect classification can result in wrong tax calculation, rejected input credits, and penalties during assessment. Always verify HSN 3037992 for Fish And Crustaceans, Mollusc goods before invoicing.
Do I need AD Code registration for exporting Fish, Frozen, Excluding Fish Fillets Andother Fish Meat Of Heading 0304 Other : Edible Shark Fins Of Wild Life?
Yes, AD Code registration is required for exporters dealing in Fish, Frozen, Excluding Fish Fillets Andother Fish Meat Of Heading 0304 Other : Edible Shark Fins Of Wild Life under Fish And Crustaceans, Mollusc. This registration links your bank account to process foreign currency payments from overseas buyers.
