Chapter 87 of the GST framework covers Vehicles Other Than Railway O, and HSN Code 87024029 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 0.025, SGST/UTGST at 0.025, and IGST at 0.05 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 87024029

Goods classified as Other, Non Air-Conditioned under HSN 87024029 are taxed based on transaction type. Local sales attract CGST at 0.025 plus SGST/UTGST at 0.025. For supplies crossing state boundaries, IGST at 0.05 applies. Documentation must reflect u as the measurement standard for Chapter 87 – Vehicles Other Than Railway O products.

Who Should Use HSN Code 87024029?

Every entity transacting in Other, Non Air-Conditioned must quote HSN Code 87024029 on invoices. This includes traders, distributors, and e-commerce sellers operating under Vehicles Other Than Railway O. Chapter 87 mandates this classification for accurate tax computation across the supply chain.

Business Registration Requirements

Planning to trade in Other, Non Air-Conditioned? Complete GST registration to legally collect taxes on goods under HSN 87024029. 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 87024029 usage for Other, Non Air-Conditioned simplifies reconciliation and protects against penalties. Keep current with 0.025, 0.025, and 0.05 updates for Chapter 87 – Vehicles Other Than Railway O to ensure ongoing compliance.

Frequently Asked Questions (FAQs)

Where can I find the official GST rate for HSN 87024029?

Official GST rates for Other, Non Air-Conditioned under HSN 87024029 are published in government notifications and the CBIC website. Current rates are CGST 0.025, SGST/UTGST 0.025, and IGST 0.05.

Do online marketplaces need to mention HSN 87024029?

Yes, online marketplaces and e-commerce operators selling Other, Non Air-Conditioned must mention HSN Code 87024029 on invoices. This Vehicles Other Than Railway O classification applies to all sales channels under Chapter 87.

What documents are needed for company registration to trade in Other, Non Air-Conditioned?

For company registration, you need identity proof, address proof, and registered office documents. Once registered, apply for GST registration to start trading in Other, Non Air-Conditioned under HSN 87024029.

How often do GST rates change for Vehicles Other Than Railway O products?

GST rates for Other, Non Air-Conditioned and other Vehicles Other Than Railway O products under Chapter 87 may change through GST Council recommendations. Monitor official notifications to stay updated on 0.025, 0.025, and 0.05 revisions.

More HSN codes from Chapter 87

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