GST Tax Rates for Live Animals & Live horses (Livestock) – Chapter-1
by Akansha Munjal 12.3K
Introduction
The GST tax rate has been released by the government of India along with the GST rate schedule. Under this article, we wish to present the GST tax rates on chapter 1 live animals along with the main heading of HSN code:
Chapter-1 Live Animals
This chapter contains the GST tax rates released by the government on live animals which are covered under Chapter 1 of HSN code.
Live Animals Taxes At Nil Rate Of GST
|
HSN Code |
Description |
|
All goods (animals) other than live horses are taxed at Nil tax under GST |
|
|
0101 |
Live asses, mules, and hinnies |
|
0102 |
Live bovine animals |
|
0104 |
Live sheep and goats |
|
0105 |
Live poultry, that is to say, fowls of the species Gallus domesticus, ducks, geese, turkeys and guinea fowls. |
|
0106 |
Other live animal such as Mammals, Birds, Insects |
Live animals taxed at 5 % rate of GST
There is no item prescribed
Live animals taxed at 12% rate of GST
|
HSN Code |
Description |
|
01012100 |
Live horses |
Live animals taxed at 18 % rate of GST
There is no item here.
Live animals taxed at 28 % rate of GST
There is no item here.
Conclusion
We have mentioned here the GST tax rates on live animals which are covered under Chapter 1 of the HSN code. In case you have any query, you can contact us at info@hubco.in.