3043200 is the designated HSN classification for Catfish (Pangasius Spp., Silurus Spp., Clarias Spp., Ictalurus Spp.), categorized under Chapter 3 – Fish And Crustaceans, Mollusc in the GST tariff structure. Businesses involved in trading, manufacturing, or importing Catfish (Pangasius Spp., Silurus Spp., Clarias Spp., Ictalurus Spp.) must apply this code correctly on invoices and tax returns. The applicable tax rates include CGST at Nil/2.5%, SGST/UTGST at Nil/2.5% for local transactions, and IGST at Nil/5% for interstate supplies. Quantities are measured in kg. for billing purposes.
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 3043200
For Catfish (Pangasius Spp., Silurus Spp., Clarias Spp., Ictalurus Spp.) classified under HSN Code 3043200, tax computation follows GST principles. CGST at Nil/2.5% plus SGST/UTGST at Nil/2.5% covers intrastate sales. IGST at Nil/5% applies to interstate transactions. kg. is the prescribed measurement for Fish And Crustaceans, Mollusc under Chapter 3.
Who Should Use HSN Code 3043200?
Traders, manufacturers, and importers of Catfish (Pangasius Spp., Silurus Spp., Clarias Spp., Ictalurus Spp.) are required to mention HSN Code 3043200 on all GST documents. This Fish And Crustaceans, Mollusc classification under Chapter 3 is mandatory for compliance across all business formats including online sellers.
Business Registration Requirements
Planning to trade in Catfish (Pangasius Spp., Silurus Spp., Clarias Spp., Ictalurus Spp.)? Complete GST registration to legally collect taxes on goods under HSN 3043200. 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
Correct HSN Code 3043200 application for Catfish (Pangasius Spp., Silurus Spp., Clarias Spp., Ictalurus Spp.) ensures smooth input credit utilization and assessment processes. Track Nil/2.5%, Nil/2.5%, and Nil/5% rate changes for Chapter 3 – Fish And Crustaceans, Mollusc through official notifications for continuous compliance.
Frequently Asked Questions (FAQs)
How many digits of HSN Code 3043200 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 3043200 for accurate classification of Catfish (Pangasius Spp., Silurus Spp., Clarias Spp., Ictalurus Spp.).
Can I claim input tax credit on Catfish (Pangasius Spp., Silurus Spp., Clarias Spp., Ictalurus Spp.) purchases?
Yes, registered businesses can claim input tax credit on Catfish (Pangasius Spp., Silurus Spp., Clarias Spp., Ictalurus Spp.) purchases made under HSN 3043200. 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 3043200?
CGST at Nil/2.5% plus SGST/UTGST at Nil/2.5% applies when Catfish (Pangasius Spp., Silurus Spp., Clarias Spp., Ictalurus Spp.) 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 Catfish (Pangasius Spp., Silurus Spp., Clarias Spp., Ictalurus Spp.) domestically?
No, Import Export Code is only required if you plan to import or export Catfish (Pangasius Spp., Silurus Spp., Clarias Spp., Ictalurus Spp.) internationally. For domestic trade within Fish And Crustaceans, Mollusc, GST registration is sufficient.
