Chapter 87 of the GST framework covers Vehicles Other Than Railway O, and HSN Code 87023029 specifically identifies Other, Non Air-Conditioned for taxation purposes. This classification is mandatory for all businesses engaged in the supply of Other, Non Air-Conditioned. Tax rates applicable include CGST at 0.14, SGST/UTGST at 0.14, and IGST at 0.28 for interstate movements. The standard 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 87023029

For Other, Non Air-Conditioned classified under HSN Code 87023029, tax computation follows GST principles. CGST at 0.14 plus SGST/UTGST at 0.14 covers intrastate sales. IGST at 0.28 applies to interstate transactions. u is the prescribed measurement for Vehicles Other Than Railway O under Chapter 87.

Who Should Use HSN Code 87023029?

Any business engaged in supplying Other, Non Air-Conditioned must apply HSN 87023029 on invoices. The Vehicles Other Than Railway O category under Chapter 87 requires this classification for wholesalers, retailers, exporters, and online marketplaces alike.

Business Registration Requirements

Planning to trade in Other, Non Air-Conditioned? Complete GST registration to legally collect taxes on goods under HSN 87023029. 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

Correct HSN Code 87023029 application for Other, Non Air-Conditioned ensures smooth input credit utilization and assessment processes. Track 0.14, 0.14, and 0.28 rate changes for Chapter 87 – Vehicles Other Than Railway O through official notifications for continuous compliance.

Frequently Asked Questions (FAQs)

How many digits of HSN Code 87023029 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 87023029 for accurate classification of Other, Non Air-Conditioned.

Can I claim input tax credit on Other, Non Air-Conditioned purchases?

Yes, registered businesses can claim input tax credit on Other, Non Air-Conditioned purchases made under HSN 87023029. Ensure your supplier mentions correct HSN code and GST rates (0.14, 0.14) on the invoice.

What is the difference between CGST and IGST for HSN 87023029?

CGST at 0.14 plus SGST/UTGST at 0.14 applies when Other, Non Air-Conditioned is sold within the same state. IGST at 0.28 is charged when goods move across state borders or are imported.

Is Import Export Code necessary for trading Other, Non Air-Conditioned domestically?

No, Import Export Code is only required if you plan to import or export Other, 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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