Nil rate of GST on sale of live lobster

Posted on 11 April 2023 Category : GST exemptions

Live lobster attracts no GST

Any GST payable for sale of live lobster? Live lobster falls under GST exemption list? Should I need to pay GST on my product live lobster?

GST tax on Live lobster under HSN chapter 0306

As per GST Law, there is no GST payable on live lobster.

So the rate of GST payable on live lobster is nil rate.

The GST Council has broadly approved the GST rates for goods at nil rate, 5%, 12%, 18% and 28% to be levied on certain goods. Commonly used Goods and Services at 5%, Standard Goods and Services fall under 1st slab at 12%, Standard Goods and Services fall under 2nd Slab at 18% and Special category of Goods and Services including luxury - 28%. The most essential goods and services attract nil rate of GST under Exempted Categories. Luxury goods and services and certain specific goods and services attract additional cess than 28% GST.

This information is about GST on live lobster. Would you like to add more information about GST rate tariff on live lobster? Share below your comments about Goods and Service Tax levied on sale or purchase of live lobster.

The above details about GST rate tariff on live lobster is only for information.

The validity of above information and amendments about GST rate on live lobster may be verified before any business dealing.

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