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Gst on aqua culture

raghavendra chunduru (40 Points)

07 March 2018

would like to know about GST applicability on aqua culture

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CA Srujann kumar Reddy (Asst Manager(Internal audit)) (1679 Points)
Replied 07 March 2018

Fish and Seafood in Live or Unprocessed Form The GST Council has decided to exempt all fish, crustaceans, molluscs & other aquatic invertebrates in live, fresh or unprocessed form from GST in India. Hence, GST is not applicable for the following types of fish and seafood products: Fish seeds, prawn / shrimp seeds whether or not processed, cured or in frozen state All goods, other than processed, cured or in frozen state Live fish Fish, fresh or chilled, excluding fish fillets and other fish meat Fish fillets and other fish meat (whether or not minced), fresh or chilled Crustaceans, whether in shell or not, live, fresh or chilled; crustaceans, in shell, cooked by steaming or by boiling in water, chilled Molluscs, whether in shell or not, live, fresh, chilled; aquatic invertebrates other than crustaceans and molluscs, live, fresh, chilled. Aquatic invertebrates other than crustaceans and molluscs, live, fresh or chilled

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CA Srujann kumar Reddy (Asst Manager(Internal audit)) (1679 Points)
Replied 07 March 2018

Fish and Seafood in Processed, Cured or in Frozen State

Fish, crustaceans, molluscs & other aquatic invertebrates in processed, cured or frozen state are taxable at 5% rate under GST

CA Srujann kumar Reddy (Asst Manager(Internal audit)) (1679 Points)
Replied 07 March 2018

Fish and Seafood in Prepared or Preserved State

All preparations of meat, of fish or of crustaceans, molluscs or other aquatic vertebrates are classified under chapter 16 of the HSN code. Accordingly, the following types of fish and seafood products attract 12% GST.