3044700 is the designated HSN classification for Dogfish And Other Sharks, categorized under Chapter 3 – Fish And Crustaceans, Mollusc in the GST tariff structure. Businesses involved in trading, manufacturing, or importing Dogfish And Other Sharks 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 3044700

Tax liability for Dogfish And Other Sharks under HSN 3044700 varies by transaction geography. CGST at Nil/2.5% combined with SGST/UTGST at Nil/2.5% applies to local sales. Interstate movement attracts IGST at Nil/5%. All billing for Chapter 3 – Fish And Crustaceans, Mollusc products must use kg..

Who Should Use HSN Code 3044700?

Traders, manufacturers, and importers of Dogfish And Other Sharks are required to mention HSN Code 3044700 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

Starting a business involving Dogfish And Other Sharks? GST registration is mandatory for collecting and remitting taxes on HSN 3044700 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

Proper use of HSN Code 3044700 for Dogfish And Other Sharks streamlines audit processes and supports valid credit claims. Stay updated on Nil/2.5%, Nil/2.5%, and Nil/5% rates for Chapter 3 – Fish And Crustaceans, Mollusc through government circulars to ensure uninterrupted compliance.

Frequently Asked Questions (FAQs)

What is the unit of measurement for HSN 3044700?

The standard unit of measurement for Dogfish And Other Sharks under HSN Code 3044700 is kg.. All invoices and GST returns must reflect quantities using this measurement standard.

Is HSN Code 3044700 mandatory for small businesses?

Yes, businesses dealing in Dogfish And Other Sharks must use HSN 3044700 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 Dogfish And Other Sharks?

Using incorrect classification can result in wrong tax calculation, rejected input credits, and penalties during assessment. Always verify HSN 3044700 for Fish And Crustaceans, Mollusc goods before invoicing.

Do I need AD Code registration for exporting Dogfish And Other Sharks?

Yes, AD Code registration is required for exporters dealing in Dogfish And Other Sharks under Fish And Crustaceans, Mollusc. This registration links your bank account to process foreign currency payments from overseas buyers.

More HSN codes from Chapter 3

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