3045600 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 3045600

For Dogfish And Other Sharks classified under HSN Code 3045600, 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 3045600?

All businesses supplying Dogfish And Other Sharks are obligated to use HSN 3045600 on tax invoices. From producers to retailers within Fish And Crustaceans, Mollusc, Chapter 3 classification ensures uniform tax treatment. This requirement applies regardless of turnover or business model.

Business Registration Requirements

Starting a business involving Dogfish And Other Sharks? GST registration is mandatory for collecting and remitting taxes on HSN 3045600 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

Correct HSN Code 3045600 application for Dogfish And Other Sharks 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 3045600 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 3045600 for accurate classification of Dogfish And Other Sharks.

Can I claim input tax credit on Dogfish And Other Sharks purchases?

Yes, registered businesses can claim input tax credit on Dogfish And Other Sharks purchases made under HSN 3045600. 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 3045600?

CGST at Nil/2.5% plus SGST/UTGST at Nil/2.5% applies when Dogfish And Other Sharks 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 Dogfish And Other Sharks domestically?

No, Import Export Code is only required if you plan to import or export Dogfish And Other Sharks internationally. For domestic trade within Fish And Crustaceans, Mollusc, GST registration is sufficient.

More HSN codes from Chapter 3

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