Dear Expert,
1) Please let me know if we have to require to register under GST in case of person is into cultivation of Prawns & selling it subsequently?
2) Is Sale of Prawn taxable under gst?
3) If so, tell me the HSN code & Tax Rate.
Thanks in advance!
GST Registration Not Needed for Prawn Cultivation; Exceptions for Taxable Items Like Packaging and Scrapped Assets. A discussion on a forum addresses whether GST registration is required for prawn cultivation and sale. The consensus among participants is that prawns, classified under HSN Code 03, are subject to a nil GST rate, meaning registration is generally not necessary. However, one participant notes that GST registration might be required for the sale of other taxable items, like packaging materials or old assets. Another participant adds that if the main goods are exempt, related products like packaging might also be exempt, but GST applies to the sale of any scrapped taxable items. (AI Summary)
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