What products are classified under HSN 1042000 ?
It includes Goats
HSN Code 01042000 represents Goats under GST classification. This code helps businesses identify Goats correctly for billing, taxation, and trade. With HSN Code 01042000, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Goats.
HSN Code 01042000 relates to the following description:
Goats does not include products with the following descriptions:
| HSN Code | Description |
|---|---|
| Sheep: Sheep including lamb for breeding purpose | |
| Sheep: Other |
Sheep: Sheep including lamb for breeding purpose
Sheep: Other
It includes Goats
Use the correct HSN and mention the form (fresh/chilled vs frozen/dried) and whether it’s pre‑packaged & labelled.
No. ITC attributable to exempt/Nil supplies is not available. If you also make taxable supplies, apportion and reverse credit under Rule 42.
e‑Way bill may be required if the consignment value exceeds ₹50,000, subject to notified exemptions. Check your state’s list for agri/animal goods.
Don’t charge GST on exempt fresh/chilled items. Only non‑fresh/chilled, pre‑packaged & labelled packs draw 5%.
e‑Invoicing depends on turnover, not the item rate. If AATO exceeds the notified threshold (presently ₹5 crore), B2B invoices must be reported to IRP unless you are a notified exempt person.
The above does not constitute professional advice or a formal recommendation. We recommend consulting a professional tax consultant before acting on the information contained in this piece of content.