HSN Code 87023028 provides the tax classification for Other, Air-Conditioned under Chapter 87 – Vehicles Other Than Railway O of the GST tariff. Businesses dealing in Other, 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 87023028

For Other, Air-Conditioned classified under HSN Code 87023028, tax computation follows GST principles. CGST at 14.00% plus SGST/UTGST at 14.00% covers intrastate sales. IGST at 28.00% applies to interstate transactions. u is the prescribed measurement for Vehicles Other Than Railway O under Chapter 87.

Who Should Use HSN Code 87023028?

All businesses supplying Other, Air-Conditioned are obligated to use HSN 87023028 on tax invoices. From producers to retailers within Vehicles Other Than Railway O, Chapter 87 classification ensures uniform tax treatment. This requirement applies regardless of turnover or business model.

Business Registration Requirements

Planning to trade in Other, Air-Conditioned? Complete GST registration to legally collect taxes on goods under HSN 87023028. Businesses importing or exporting Vehicles Other Than Railway O products require an Import Export Code. AD Code registration is essential for exporters to process international payments. Entrepreneurs should secure company registration as the foundational step.

Why Correct Classification Matters

Accurate HSN Code 87023028 usage for Other, Air-Conditioned simplifies reconciliation and protects against penalties. Keep current with 14.00%, 14.00%, and 28.00% updates for Chapter 87 – Vehicles Other Than Railway O to ensure ongoing compliance.

Frequently Asked Questions (FAQs)

What is HSN Code 87023028 used for?

HSN Code 87023028 is used to classify Other, Air-Conditioned under Chapter 87 – Vehicles Other Than Railway O for GST purposes. Businesses must mention this code on invoices to ensure correct tax calculation and compliance.

What are the GST rates applicable on HSN 87023028?

For Other, Air-Conditioned, CGST applies at 14.00% and SGST/UTGST at 14.00% for intrastate supplies. Interstate transactions are taxed under IGST at 28.00%.

Do I need GST registration to trade in Other, Air-Conditioned?

Yes, GST registration is mandatory for businesses dealing in Other, Air-Conditioned under HSN 87023028. This enables you to legally collect taxes and claim input credits on purchases.

What registrations are required for importing Other, Air-Conditioned?

For importing goods under Vehicles Other Than Railway O, you need GST registration along with an Import Export Code. Exporters should also obtain AD Code registration for processing international payments.

More HSN codes from Chapter 87

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