87034040 is the designated HSN classification for Three-Wheeled Vehicles, categorized under Chapter 87 – Vehicles Other Than Railway O in the GST tariff structure. Businesses involved in trading, manufacturing, or importing Three-Wheeled Vehicles must apply this code correctly on invoices and tax returns. The applicable tax rates include CGST at 14.00%, SGST/UTGST at 14.00% for local transactions, and IGST at 28.00% for interstate supplies. Quantities are measured in u for billing purposes.
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 87034040
For Three-Wheeled Vehicles classified under HSN Code 87034040, 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 87034040?
All businesses supplying Three-Wheeled Vehicles are obligated to use HSN 87034040 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
Commencing trade in Three-Wheeled Vehicles? Secure GST registration to handle taxes on HSN 87034040 classified goods. Businesses with international operations in Vehicles Other Than Railway O need an Import Export Code. Exporters require AD Code registration for foreign currency receipts. Start with company registration to formalize your business structure.
Why Correct Classification Matters
Correct HSN Code 87034040 application for Three-Wheeled Vehicles ensures smooth input credit utilization and assessment processes. Track 14.00%, 14.00%, and 28.00% rate changes for Chapter 87 – Vehicles Other Than Railway O through official notifications for continuous compliance.
Frequently Asked Questions (FAQs)
What is the unit of measurement for HSN 87034040?
The standard unit of measurement for Three-Wheeled Vehicles under HSN Code 87034040 is u. All invoices and GST returns must reflect quantities using this measurement standard.
Is HSN Code 87034040 mandatory for small businesses?
Yes, businesses dealing in Three-Wheeled Vehicles must use HSN 87034040 on invoices regardless of their size. The number of digits required may vary based on turnover thresholds set by GST rules.
What happens if I use wrong HSN code for Three-Wheeled Vehicles?
Using incorrect classification can result in wrong tax calculation, rejected input credits, and penalties during assessment. Always verify HSN 87034040 for Vehicles Other Than Railway O goods before invoicing.
Do I need AD Code registration for exporting Three-Wheeled Vehicles?
Yes, AD Code registration is required for exporters dealing in Three-Wheeled Vehicles under Vehicles Other Than Railway O. This registration links your bank account to process foreign currency payments from overseas buyers.
