The GST Council has resolved to exempt all fish, crustaceans, molluscs, and other aquatic invertebrates from GST in India, whether live, fresh, or unprocessed. Therefore, GST is not applied to the following types of fish and seafood products: Fish and prawn seeds, whether processed, cured, or frozen.

Fish and seafood in the prepared or preserved state. As a result, the 12% GST applies to the following fish and seafood goods. Extracts and juices from meat, fish, crustaceans, molluscs, and other aquatic invertebrates. Fish that has been cooked or preserved, as well as caviar and alternatives made from fish eggs.

What is the GST rate for prawns?

They are a popular seafood dish in India and are in high demand. The GST council has assigned crustaceans the HSN code 0306 and imposed a 5% GST rate on them. All aquatic invertebrates, including crabs, lobsters, prawns, and shrimps, are classified under HSN code 0306.

The Goods and Services Tax (GST) in India does not apply to fresh fish and most seafood. These items fall under the category of exempted goods. However, processed or packaged seafood products may be subject to GST at varying rates.

It's important to note that tax laws can change, and it's advisable to check with the latest resources or consult with a tax professional to get the most up-to-date information on GST rates for fish and seafood in India. The GST Council periodically reviews and updates tax rates, so it's essential to stay informed about any changes that may have occurred after my last update.

Top Social Media Groups for Business, Professional Networking, Promotions, Jobs, Spiritual, Marketing, Visa

Click here to join Unlimited Groups

News, Health, Travel, Jobs, Top Trending, Top Viral & Entertainment. Follow Us on Social Media

Telegram: Infimor | Instagram: Infimor | Facebook: Infimor LinkedIn: Infimor | YouTube: Infimor

KK

---