HSN Code 3042950 provides the tax classification for Fish Fillets And Other Fish Meat(Whether Or Not Minced), Fresh,Chilled Or Frozen - Frozen Fillets: --Other: --- Cuttlefish under Chapter 3 – Fish And Crustaceans, Mollusc of the GST tariff. Businesses dealing in Fish Fillets And Other Fish Meat(Whether Or Not Minced), Fresh,Chilled Or Frozen - Frozen Fillets: --Other: --- Cuttlefish 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 3042950
The taxation of Fish Fillets And Other Fish Meat(Whether Or Not Minced), Fresh,Chilled Or Frozen - Frozen Fillets: --Other: --- Cuttlefish under HSN Code 3042950 depends on supply location. Intrastate transactions require CGST at Nil/2.5% and SGST/UTGST at Nil/2.5%. Interstate supplies are charged IGST at Nil/5%. Invoices should consistently use kg. for Fish And Crustaceans, Mollusc goods under Chapter 3.
Who Should Use HSN Code 3042950?
Every entity transacting in Fish Fillets And Other Fish Meat(Whether Or Not Minced), Fresh,Chilled Or Frozen - Frozen Fillets: --Other: --- Cuttlefish must quote HSN Code 3042950 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
Planning to trade in Fish Fillets And Other Fish Meat(Whether Or Not Minced), Fresh,Chilled Or Frozen - Frozen Fillets: --Other: --- Cuttlefish? Complete GST registration to legally collect taxes on goods under HSN 3042950. Businesses importing or exporting Fish And Crustaceans, Mollusc 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 HSN Code 3042950 usage for Fish Fillets And Other Fish Meat(Whether Or Not Minced), Fresh,Chilled Or Frozen - Frozen Fillets: --Other: --- Cuttlefish simplifies reconciliation and protects against penalties. Keep current with Nil/2.5%, Nil/2.5%, and Nil/5% updates for Chapter 3 – Fish And Crustaceans, Mollusc to ensure ongoing compliance.
Frequently Asked Questions (FAQs)
How many digits of HSN Code 3042950 should I mention on invoices?
The number of HSN digits depends on your annual turnover. Businesses with turnover above Rs 5 crore must mention 6 digits, while others may use 4 digits. Always use the complete HSN 3042950 for accurate classification of Fish Fillets And Other Fish Meat(Whether Or Not Minced), Fresh,Chilled Or Frozen - Frozen Fillets: --Other: --- Cuttlefish.
Can I claim input tax credit on Fish Fillets And Other Fish Meat(Whether Or Not Minced), Fresh,Chilled Or Frozen - Frozen Fillets: --Other: --- Cuttlefish purchases?
Yes, registered businesses can claim input tax credit on Fish Fillets And Other Fish Meat(Whether Or Not Minced), Fresh,Chilled Or Frozen - Frozen Fillets: --Other: --- Cuttlefish purchases made under HSN 3042950. Ensure your supplier mentions correct HSN code and GST rates (Nil/2.5%, Nil/2.5%) on the invoice.
What is the difference between CGST and IGST for HSN 3042950?
CGST at Nil/2.5% plus SGST/UTGST at Nil/2.5% applies when Fish Fillets And Other Fish Meat(Whether Or Not Minced), Fresh,Chilled Or Frozen - Frozen Fillets: --Other: --- Cuttlefish is sold within the same state. IGST at Nil/5% is charged when goods move across state borders or are imported.
Is Import Export Code necessary for trading Fish Fillets And Other Fish Meat(Whether Or Not Minced), Fresh,Chilled Or Frozen - Frozen Fillets: --Other: --- Cuttlefish domestically?
No, Import Export Code is only required if you plan to import or export Fish Fillets And Other Fish Meat(Whether Or Not Minced), Fresh,Chilled Or Frozen - Frozen Fillets: --Other: --- Cuttlefish internationally. For domestic trade within Fish And Crustaceans, Mollusc, GST registration is sufficient.
