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HSN Code - 03011100 : Ornamental Fish (FRESHWATER ORNAMENTAL FISH)
| HSN CODE | Description | Policy |
|---|---|---|
| 0301 | LIVE FISH | |
| 030111 | Ornamental Fish | |
| 03011100 | FRESHWATER ORNAMENTAL FISH | Restricted |
Harmonised System of Nomenclature (HSN Codes) 03011100 are used for the FRESHWATER ORNAMENTAL FISH products under Goods and Service Tax classification.
India was originally using 6 digit HSN codes to classify commodities but later two more digits were added to make the codes more precise, resulting in an 8 digit classification.
Understanding HSN Code 03011100
First two digits (03) represent the chapter number which is Chapter 03 - Fish and crustaceans, molluscs and other aquatic invertebrates.
Next two digits (01) represent the heading number which is LIVE FISH
Next two digits (11) represent the product code which is Ornamental Fish
Last two digits (00) are for final or deeper classification which is FRESHWATER ORNAMENTAL FISH
All 8 digits of HSN code is mandatory for export & imports for tax invoice of GST.
FAQs on HSN Code 03011100
What is HSN Code 03011100 used for?
HSN Code 03011100 is used to classify goods under GST for invoicing, taxation, import, and export. Businesses use this code to correctly identify products while filing GST returns and trade documents.
Is HSN Code 03011100 mandatory for GST invoices?
Yes. HSN codes are mandatory on GST invoices for most businesses, especially for B2B transactions, exports, and imports. The level of digits required depends on turnover and transaction type.
What is the GST rate for HSN Code 03011100?
The GST rate for HSN Code 03011100 depends on the product specification and the latest GST notifications. Businesses should verify the applicable rate from CBIC notifications or consult a tax professional before invoicing.
What is the import or export policy for HSN Code 03011100?
As per current trade policy, HSN Code 03011100 falls under "Restricted" category. Import or export may be subject to specific conditions or approvals.
What is the difference between HSN Code and SAC Code?
HSN codes are used for goods or products, while SAC codes are used for services. Businesses dealing in both goods and services must use the correct code type for GST compliance.