Chapter 87 of the GST framework covers Vehicles Other Than Railway O, and HSN Code 87060021 specifically identifies 8706 Chassis Fitted With Engines, For The Motor Vehicles Of Headings 8701 To 8705 For The Vehicles Of Heading 8702 For Transport Of Not More Than Thirteen Persons, Including The Driver for taxation purposes. This classification is mandatory for all businesses engaged in the supply of 8706 Chassis Fitted With Engines, For The Motor Vehicles Of Headings 8701 To 8705 For The Vehicles Of Heading 8702 For Transport Of Not More Than Thirteen Persons, Including The Driver. Tax rates applicable include CGST at 14.00%, SGST/UTGST at 14.00%, and IGST at 28.00% 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 87060021
Tax liability for 8706 Chassis Fitted With Engines, For The Motor Vehicles Of Headings 8701 To 8705 For The Vehicles Of Heading 8702 For Transport Of Not More Than Thirteen Persons, Including The Driver under HSN 87060021 varies by transaction geography. CGST at 14.00% combined with SGST/UTGST at 14.00% applies to local sales. Interstate movement attracts IGST at 28.00%. All billing for Chapter 87 – Vehicles Other Than Railway O products must use u.
Who Should Use HSN Code 87060021?
Every entity transacting in 8706 Chassis Fitted With Engines, For The Motor Vehicles Of Headings 8701 To 8705 For The Vehicles Of Heading 8702 For Transport Of Not More Than Thirteen Persons, Including The Driver must quote HSN Code 87060021 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
Entering the 8706 Chassis Fitted With Engines, For The Motor Vehicles Of Headings 8701 To 8705 For The Vehicles Of Heading 8702 For Transport Of Not More Than Thirteen Persons, Including The Driver market requires essential registrations. GST registration enables legal tax collection on HSN 87060021 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 87060021 application for 8706 Chassis Fitted With Engines, For The Motor Vehicles Of Headings 8701 To 8705 For The Vehicles Of Heading 8702 For Transport Of Not More Than Thirteen Persons, Including The Driver 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)
Which chapter does HSN Code 87060021 belong to?
HSN Code 87060021 falls under Chapter 87 – Vehicles Other Than Railway O in the GST tariff schedule. This chapter covers various goods including 8706 Chassis Fitted With Engines, For The Motor Vehicles Of Headings 8701 To 8705 For The Vehicles Of Heading 8702 For Transport Of Not More Than Thirteen Persons, Including The Driver.
Is IGST applicable on 8706 Chassis Fitted With Engines, For The Motor Vehicles Of Headings 8701 To 8705 For The Vehicles Of Heading 8702 For Transport Of Not More Than Thirteen Persons, Including The Driver?
Yes, IGST at 28.00% is applicable when 8706 Chassis Fitted With Engines, For The Motor Vehicles Of Headings 8701 To 8705 For The Vehicles Of Heading 8702 For Transport Of Not More Than Thirteen Persons, Including The Driver is supplied interstate or imported. For local sales within a state, CGST at 14.00% and SGST/UTGST at 14.00% apply instead.
Can e-commerce sellers use HSN Code 87060021?
Yes, e-commerce sellers dealing in 8706 Chassis Fitted With Engines, For The Motor Vehicles Of Headings 8701 To 8705 For The Vehicles Of Heading 8702 For Transport Of Not More Than Thirteen Persons, Including The Driver must use HSN 87060021 on their invoices. This applies to all online platforms operating under Vehicles Other Than Railway O classification.
How do I start an import business for Vehicles Other Than Railway O goods?
To import goods under Vehicles Other Than Railway O, complete GST registration first, then obtain an Import Export Code from DGFT. Proper company registration provides the legal foundation for your import operations.
