What products are classified under HSN 1504
It includes Fish oils & their fractions
HSN Sub Chapter 1504 represents Fish oils & their fractions under GST classification. This code helps businesses identify Fish oils & their fractions correctly for billing, taxation, and trade. With HSN Sub Chapter 1504, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Fish oils & their fractions.
GST Rate for Fish oils & their fractions under HSN Code 1504. Understand Current Tax Rates, Exemptions, and Legal Classifications to Ensure Accurate Billing and GST Filing.
| Chapter No | HSN Code | HSN Description | New GST Rate | Old GST Rate |
|---|---|---|---|---|
| 15 | 1504 | Fats and oils and their fractions, of fish or marine mammals, whether or not refined, but not chemically modified | 5% | 12% |
Chapter: 15
Description: Fats and oils and their fractions, of fish or marine mammals, whether or not refined, but not chemically modified
Following Tariff HSN code falls under Fish oils & their fractions:
| Tariff HSN | Description |
|---|---|
| Fish liver oils and their fractions : Cod liver oil | |
| Fish liver oils and their fractions : Other : Squid liver oil | |
| Fish liver oils and their fractions: Other : Other | |
| Fats and oils and their fractions of fish, other than liver oils : Fish body oil | |
| Fats and oils and their fractions of fish, other than liver oils : Fish lipid oil | |
| Fats and oils and their fractions of fish, other than liver oils : Sperm oil | |
| Fats and oils and their fractions of fish, other than liver oils : Other | |
| Fats and oils and their fractions, of marine mammals |
Fish liver oils and their fractions : Cod liver oil
Fish liver oils and their fractions : Other : Squid liver oil
Fish liver oils and their fractions: Other : Other
Fats and oils and their fractions of fish, other than liver oils : Fish body oil
Fats and oils and their fractions of fish, other than liver oils : Fish lipid oil
Fats and oils and their fractions of fish, other than liver oils : Sperm oil
Fats and oils and their fractions of fish, other than liver oils : Other
Fats and oils and their fractions, of marine mammals
It includes Fish oils & their fractions
Repair/service is a service supply (SAC). Parts and materials used are goods and may be billed separately with HSN. Mention both lines clearly to avoid mixing service and goods values.
The composition scheme is optional for eligible small suppliers of goods. You cannot issue tax invoices or collect tax under composition. Check turnover limits and exclusions; evaluate margins and ITC loss before opting in.
Reverse charge in goods is notified only for specific categories. Most regular B2B sales of Fish oils & their fractions are forward charge. Check the current notifications for any special cases before deciding.
Not always. Spares are often classified by their own description or by the function/part rule. Check if a specific sub‑heading exists for parts of the main item and describe the part on the invoice.
If replacement is without consideration under a pre‑agreed warranty, issue a delivery challan and reference the original invoice/contract. If consideration is charged, raise a tax invoice. Keep serial/lot details for traceability.
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.