HSN Code 3047400 provides the tax classification for Hake (Merluccius Spp., Urophycis Spp.) under Chapter 3 – Fish And Crustaceans, Mollusc of the GST tariff. Businesses dealing in Hake (Merluccius Spp., Urophycis Spp.) 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 3047400
Goods classified as Hake (Merluccius Spp., Urophycis Spp.) under HSN 3047400 are taxed based on transaction type. Local sales attract CGST at Nil/2.5% plus SGST/UTGST at Nil/2.5%. For supplies crossing state boundaries, IGST at Nil/5% applies. Documentation must reflect kg. as the measurement standard for Chapter 3 – Fish And Crustaceans, Mollusc products.
Who Should Use HSN Code 3047400?
Manufacturers, wholesalers, retailers, and exporters dealing in Hake (Merluccius Spp., Urophycis Spp.) are required to mention HSN 3047400 on all tax documents. This classification under Fish And Crustaceans, Mollusc applies to businesses of all sizes operating within Chapter 3. Proper usage ensures accurate return filing and audit compliance.
Business Registration Requirements
Planning to trade in Hake (Merluccius Spp., Urophycis Spp.)? Complete GST registration to legally collect taxes on goods under HSN 3047400. 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 3047400 application for Hake (Merluccius Spp., Urophycis 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 3047400 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 3047400 for accurate classification of Hake (Merluccius Spp., Urophycis Spp.).
Can I claim input tax credit on Hake (Merluccius Spp., Urophycis Spp.) purchases?
Yes, registered businesses can claim input tax credit on Hake (Merluccius Spp., Urophycis Spp.) purchases made under HSN 3047400. 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 3047400?
CGST at Nil/2.5% plus SGST/UTGST at Nil/2.5% applies when Hake (Merluccius Spp., Urophycis 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 Hake (Merluccius Spp., Urophycis Spp.) domestically?
No, Import Export Code is only required if you plan to import or export Hake (Merluccius Spp., Urophycis Spp.) internationally. For domestic trade within Fish And Crustaceans, Mollusc, GST registration is sufficient.
