No need to pay GST on sale of shrimp seeds

 

Shrimp seeds is exempted from paying GST

 

What is the concessional rate of GST on shrimp seeds whether or not processed cured or in frozen state? Should I need to pay GST on my product shrimp seeds whether or not processed cured or in frozen state?Is GST payable on shrimp seeds whether or not processed cured or in frozen state?

 

GST tax on shrimp seeds whether or not processed cured or in frozen states under HSN chapter 0301 

 


As per GST Law, there is no GST payable on shrimp seeds whether or not processed cured or in frozen state.  

So the rate of GST payable on shrimp seeds whether or not processed cured or in frozen state is nil rate.

 

 

There are six GST tax slabs – 0, 5, 12, 18, 28, and 28 percent plus cess. 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.

 

The above details about GST rate tariff on shrimp seeds whether or not processed cured or in frozen state is only for information. 

 

The validity of above information and amendments about GST rate on shrimp seeds whether or not processed cured or in frozen state may be verified before any business dealing.

 

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