HSN Code 87023022 provides the tax classification for Integrated Monocoque Vehicle, Non Air-Conditioned under Chapter 87 – Vehicles Other Than Railway O of the GST tariff. Businesses dealing in Integrated Monocoque Vehicle, Non Air-Conditioned must use this code for proper invoicing and return filing. Applicable taxes include CGST at 14.00%, SGST/UTGST at 14.00%, and IGST at 28.00%. The recognized unit of measurement is u.

HSN Codes under Chapter 87 – Vehicles Other Than Railway O

Below are related HSN codes from Chapter 87 – Vehicles Other Than Railway O for your reference:

Chapter HSN Code Description CGST SGST/UTGST IGST
Vehicles Other Than Railway O... 87011000 Tractors (Other Than Tractors Of Heading 8709) Ped... 0 0 0
Vehicles Other Than Railway O... 87012010 Tractors (Other Than Tractors Of Heading 8709) Roa... N.a. N.a. N.a.
Vehicles Other Than Railway O... 87012090 Tractors (Other Than Tractors Ofheading 8709) Road... N.a. N.a. N.a.
Vehicles Other Than Railway O... 87012100 Vehicles Other Than Railway Or Tramway Rolling-Sto... 0 0 0
Vehicles Other Than Railway O... 87012200 Vehicles Other Than Railway Or Tramway Rolling-Sto... 0 0 0
Vehicles Other Than Railway O... 87012300 Vehicles Other Than Railway Or Tramway Rolling-Sto... 0 0 0
Vehicles Other Than Railway O... 87012400 Vehicles Other Than Railway Or Tramway Rolling-Sto... 0 0 0
Vehicles Other Than Railway O... 87012900 Vehicles Other Than Railway Or Tramway Rolling-Sto... 0 0 0
Vehicles Other Than Railway O... 87013011 Tractors (Other Than Tractors Ofheading 8709 Track... 0.00% 0.00% 0.00%
Vehicles Other Than Railway O... 87013019 Tractors (Other Than Tractors Ofheading 8709 Track... 0.00% 0.00% 0.00%

GST Rates for HSN 87023022

Goods classified as Integrated Monocoque Vehicle, Non Air-Conditioned under HSN 87023022 are taxed based on transaction type. Local sales attract CGST at 14.00% plus SGST/UTGST at 14.00%. For supplies crossing state boundaries, IGST at 28.00% applies. Documentation must reflect u as the measurement standard for Chapter 87 – Vehicles Other Than Railway O products.

Who Should Use HSN Code 87023022?

Manufacturers, wholesalers, retailers, and exporters dealing in Integrated Monocoque Vehicle, Non Air-Conditioned are required to mention HSN 87023022 on all tax documents. This classification under Vehicles Other Than Railway O applies to businesses of all sizes operating within Chapter 87. Proper usage ensures accurate return filing and audit compliance.

Business Registration Requirements

Starting a business involving Integrated Monocoque Vehicle, Non Air-Conditioned? GST registration is mandatory for collecting and remitting taxes on HSN 87023022 goods. Companies planning international trade within Vehicles Other Than Railway O must obtain an Import Export Code. Exporters need AD Code registration for receiving foreign payments. New entrepreneurs should complete company registration before pursuing trade-specific approvals.

Why Correct Classification Matters

Using HSN Code 87023022 accurately for Integrated Monocoque Vehicle, Non Air-Conditioned avoids compliance issues and facilitates credit claims. Monitor changes to 14.00%, 14.00%, and 28.00% rates for Chapter 87 – Vehicles Other Than Railway O to maintain accurate filings and smooth business operations.

Frequently Asked Questions (FAQs)

How many digits of HSN Code 87023022 should I mention on invoices?

The number of HSN digits depends on your annual turnover. Businesses with turnover above Rs 5 crore must mention 6 digits, while others may use 4 digits. Always use the complete HSN 87023022 for accurate classification of Integrated Monocoque Vehicle, Non Air-Conditioned.

Can I claim input tax credit on Integrated Monocoque Vehicle, Non Air-Conditioned purchases?

Yes, registered businesses can claim input tax credit on Integrated Monocoque Vehicle, Non Air-Conditioned purchases made under HSN 87023022. Ensure your supplier mentions correct HSN code and GST rates (14.00%, 14.00%) on the invoice.

What is the difference between CGST and IGST for HSN 87023022?

CGST at 14.00% plus SGST/UTGST at 14.00% applies when Integrated Monocoque Vehicle, Non Air-Conditioned is sold within the same state. IGST at 28.00% is charged when goods move across state borders or are imported.

Is Import Export Code necessary for trading Integrated Monocoque Vehicle, Non Air-Conditioned domestically?

No, Import Export Code is only required if you plan to import or export Integrated Monocoque Vehicle, Non Air-Conditioned internationally. For domestic trade within Vehicles Other Than Railway O, GST registration is sufficient.

More HSN codes from Chapter 87

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