Within Chapter 3 – Fish And Crustaceans, Mollusc, HSN Code 3074220 serves as the official classification for Squid. This code determines tax rates and compliance obligations for all entities trading in Squid. CGST applies at Nil/2.5%, SGST/UTGST at Nil/2.5% for local transactions, and IGST at Nil/5% for interstate supplies. Measurement is standardized in 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 3074220
Tax liability for Squid under HSN 3074220 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 3074220?
Any business engaged in supplying Squid must apply HSN 3074220 on invoices. The Fish And Crustaceans, Mollusc category under Chapter 3 requires this classification for wholesalers, retailers, exporters, and online marketplaces alike.
Business Registration Requirements
Looking to deal in Squid? GST registration is your first compliance requirement for HSN 3074220 goods. International traders in Fish And Crustaceans, Mollusc products must obtain an Import Export Code. AD Code registration facilitates export payment processing. Company registration should precede all other business approvals.
Why Correct Classification Matters
Accurate HSN Code 3074220 usage for Squid 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)
Where can I find the official GST rate for HSN 3074220?
Official GST rates for Squid under HSN 3074220 are published in government notifications and the CBIC website. Current rates are CGST Nil/2.5%, SGST/UTGST Nil/2.5%, and IGST Nil/5%.
Do online marketplaces need to mention HSN 3074220?
Yes, online marketplaces and e-commerce operators selling Squid must mention HSN Code 3074220 on invoices. This Fish And Crustaceans, Mollusc classification applies to all sales channels under Chapter 3.
What documents are needed for company registration to trade in Squid?
For company registration, you need identity proof, address proof, and registered office documents. Once registered, apply for GST registration to start trading in Squid under HSN 3074220.
How often do GST rates change for Fish And Crustaceans, Mollusc products?
GST rates for Squid and other Fish And Crustaceans, Mollusc products under Chapter 3 may change through GST Council recommendations. Monitor official notifications to stay updated on Nil/2.5%, Nil/2.5%, and Nil/5% revisions.
