Chapter 3 of the GST framework covers Fish And Crustaceans, Mollusc, and HSN Code 3048700 specifically identifies Tunas (Of The Genus Thunnus), Skipjack Tuna (Stripe- Bellied Bonito) (Katsuwonus Pelamis) for taxation purposes. This classification is mandatory for all businesses engaged in the supply of Tunas (Of The Genus Thunnus), Skipjack Tuna (Stripe- Bellied Bonito) (Katsuwonus Pelamis). Tax rates applicable include CGST at Nil/2.5%, SGST/UTGST at Nil/2.5%, and IGST at Nil/5% for interstate movements. The standard 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 3048700
The tax structure for Tunas (Of The Genus Thunnus), Skipjack Tuna (Stripe- Bellied Bonito) (Katsuwonus Pelamis) under HSN Code 3048700 follows a dual taxation model. CGST is levied at Nil/2.5% and SGST/UTGST at Nil/2.5% for intrastate sales. Interstate transactions attract IGST at Nil/5%. All invoices must record quantities in kg. as the standard measurement for goods under Chapter 3 – Fish And Crustaceans, Mollusc.
Who Should Use HSN Code 3048700?
Every entity transacting in Tunas (Of The Genus Thunnus), Skipjack Tuna (Stripe- Bellied Bonito) (Katsuwonus Pelamis) must quote HSN Code 3048700 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
Entering the Tunas (Of The Genus Thunnus), Skipjack Tuna (Stripe- Bellied Bonito) (Katsuwonus Pelamis) market requires essential registrations. GST registration enables legal tax collection on HSN 3048700 goods. For cross-border trade in Fish And Crustaceans, Mollusc items, secure an Import Export Code. Exporters additionally need AD Code registration for bank processing. Begin with company registration to establish your business entity.
Why Correct Classification Matters
Accurate HSN Code 3048700 usage for Tunas (Of The Genus Thunnus), Skipjack Tuna (Stripe- Bellied Bonito) (Katsuwonus Pelamis) 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)
Which chapter does HSN Code 3048700 belong to?
HSN Code 3048700 falls under Chapter 3 – Fish And Crustaceans, Mollusc in the GST tariff schedule. This chapter covers various goods including Tunas (Of The Genus Thunnus), Skipjack Tuna (Stripe- Bellied Bonito) (Katsuwonus Pelamis).
Is IGST applicable on Tunas (Of The Genus Thunnus), Skipjack Tuna (Stripe- Bellied Bonito) (Katsuwonus Pelamis)?
Yes, IGST at Nil/5% is applicable when Tunas (Of The Genus Thunnus), Skipjack Tuna (Stripe- Bellied Bonito) (Katsuwonus Pelamis) is supplied interstate or imported. For local sales within a state, CGST at Nil/2.5% and SGST/UTGST at Nil/2.5% apply instead.
Can e-commerce sellers use HSN Code 3048700?
Yes, e-commerce sellers dealing in Tunas (Of The Genus Thunnus), Skipjack Tuna (Stripe- Bellied Bonito) (Katsuwonus Pelamis) must use HSN 3048700 on their invoices. This applies to all online platforms operating under Fish And Crustaceans, Mollusc classification.
How do I start an import business for Fish And Crustaceans, Mollusc goods?
To import goods under Fish And Crustaceans, Mollusc, complete GST registration first, then obtain an Import Export Code from DGFT. Proper company registration provides the legal foundation for your import operations.
