Chapter 3 of the GST framework covers Fish And Crustaceans, Mollusc, and HSN Code 3061740 specifically identifies Black Tiger Shrimp (Penaeusmonodon) for taxation purposes. This classification is mandatory for all businesses engaged in the supply of Black Tiger Shrimp (Penaeusmonodon). 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..

Below are related HSN codes from Chapter 3 – Fish And Crustaceans, Mollusc for your reference:

The taxation of Black Tiger Shrimp (Penaeusmonodon) under HSN Code 3061740 depends on supply location. Intrastate transactions require CGST at Nil/2.5% and SGST/UTGST at Nil/2.5%. Interstate supplies are charged IGST at Nil/5%. Invoices should consistently use kg. for Fish And Crustaceans, Mollusc goods under Chapter 3.

Every entity transacting in Black Tiger Shrimp (Penaeusmonodon) must quote HSN Code 3061740 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.

Entering the Black Tiger Shrimp (Penaeusmonodon) market requires essential registrations. GST registration enables legal tax collection on HSN 3061740 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.

Accurate application of HSN Code 3061740 for Black Tiger Shrimp (Penaeusmonodon) enables legitimate input tax credit claims and prevents assessment disputes. Businesses under Chapter 3 – Fish And Crustaceans, Mollusc should monitor rate updates (Nil/2.5%, Nil/2.5%, Nil/5%) through official notifications to maintain seamless compliance.