Under the GST regime, HSN Code 87049012 classifies Motor Vehicles For The Transport Of Goods Other : Lorries And Trucks: Electrically Operated within Chapter 87 – Vehicles Other Than Railway O. This code is essential for businesses to correctly calculate and remit taxes on Motor Vehicles For The Transport Of Goods Other : Lorries And Trucks: Electrically Operated. The applicable rates are CGST at 2.50%, SGST/UTGST at 2.50% for within-state sales, and IGST at 5.00% for interstate supplies. Goods are quantified using 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 87049012
For Motor Vehicles For The Transport Of Goods Other : Lorries And Trucks: Electrically Operated classified under HSN Code 87049012, tax computation follows GST principles. CGST at 2.50% plus SGST/UTGST at 2.50% covers intrastate sales. IGST at 5.00% applies to interstate transactions. u is the prescribed measurement for Vehicles Other Than Railway O under Chapter 87.
Who Should Use HSN Code 87049012?
Any business engaged in supplying Motor Vehicles For The Transport Of Goods Other : Lorries And Trucks: Electrically Operated must apply HSN 87049012 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
Entering the Motor Vehicles For The Transport Of Goods Other : Lorries And Trucks: Electrically Operated market requires essential registrations. GST registration enables legal tax collection on HSN 87049012 goods. For cross-border trade in Vehicles Other Than Railway O items, secure an Import Export Code. Exporters additionally need AD Code registration for bank processing. Begin with company registration to establish your business entity.
Why Correct Classification Matters
Correct HSN Code 87049012 application for Motor Vehicles For The Transport Of Goods Other : Lorries And Trucks: Electrically Operated ensures smooth input credit utilization and assessment processes. Track 2.50%, 2.50%, and 5.00% rate changes for Chapter 87 – Vehicles Other Than Railway O through official notifications for continuous compliance.
Frequently Asked Questions (FAQs)
Where can I find the official GST rate for HSN 87049012?
Official GST rates for Motor Vehicles For The Transport Of Goods Other : Lorries And Trucks: Electrically Operated under HSN 87049012 are published in government notifications and the CBIC website. Current rates are CGST 2.50%, SGST/UTGST 2.50%, and IGST 5.00%.
Do online marketplaces need to mention HSN 87049012?
Yes, online marketplaces and e-commerce operators selling Motor Vehicles For The Transport Of Goods Other : Lorries And Trucks: Electrically Operated must mention HSN Code 87049012 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 Motor Vehicles For The Transport Of Goods Other : Lorries And Trucks: Electrically Operated?
For company registration, you need identity proof, address proof, and registered office documents. Once registered, apply for GST registration to start trading in Motor Vehicles For The Transport Of Goods Other : Lorries And Trucks: Electrically Operated under HSN 87049012.
How often do GST rates change for Vehicles Other Than Railway O products?
GST rates for Motor Vehicles For The Transport Of Goods Other : Lorries And Trucks: Electrically Operated and other Vehicles Other Than Railway O products under Chapter 87 may change through GST Council recommendations. Monitor official notifications to stay updated on 2.50%, 2.50%, and 5.00% revisions.
