Within Chapter 87 – Vehicles Other Than Railway O, HSN Code 87060049 serves as the official classification for 8706 Chassis Fitted With Engines, For The Motor Vehicles Of Headings 8701 To 8705 For The Motor Vehicles Of Heading 8704: Other. This code determines tax rates and compliance obligations for all entities trading in 8706 Chassis Fitted With Engines, For The Motor Vehicles Of Headings 8701 To 8705 For The Motor Vehicles Of Heading 8704: Other. CGST applies at 14.00%, SGST/UTGST at 14.00% for local transactions, and IGST at 28.00% for interstate supplies. Measurement is standardized in 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 87060049
Tax liability for 8706 Chassis Fitted With Engines, For The Motor Vehicles Of Headings 8701 To 8705 For The Motor Vehicles Of Heading 8704: Other under HSN 87060049 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 87060049?
All businesses supplying 8706 Chassis Fitted With Engines, For The Motor Vehicles Of Headings 8701 To 8705 For The Motor Vehicles Of Heading 8704: Other are obligated to use HSN 87060049 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
Entering the 8706 Chassis Fitted With Engines, For The Motor Vehicles Of Headings 8701 To 8705 For The Motor Vehicles Of Heading 8704: Other market requires essential registrations. GST registration enables legal tax collection on HSN 87060049 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
Accurate application of HSN Code 87060049 for 8706 Chassis Fitted With Engines, For The Motor Vehicles Of Headings 8701 To 8705 For The Motor Vehicles Of Heading 8704: Other enables legitimate input tax credit claims and prevents assessment disputes. Businesses under Chapter 87 – Vehicles Other Than Railway O should monitor rate updates (14.00%, 14.00%, 28.00%) through official notifications to maintain seamless compliance.
Frequently Asked Questions (FAQs)
How many digits of HSN Code 87060049 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 87060049 for accurate classification of 8706 Chassis Fitted With Engines, For The Motor Vehicles Of Headings 8701 To 8705 For The Motor Vehicles Of Heading 8704: Other.
Can I claim input tax credit on 8706 Chassis Fitted With Engines, For The Motor Vehicles Of Headings 8701 To 8705 For The Motor Vehicles Of Heading 8704: Other purchases?
Yes, registered businesses can claim input tax credit on 8706 Chassis Fitted With Engines, For The Motor Vehicles Of Headings 8701 To 8705 For The Motor Vehicles Of Heading 8704: Other purchases made under HSN 87060049. Ensure your supplier mentions correct HSN code and GST rates (14.00%, 14.00%) on the invoice.
What is the difference between CGST and IGST for HSN 87060049?
CGST at 14.00% plus SGST/UTGST at 14.00% applies when 8706 Chassis Fitted With Engines, For The Motor Vehicles Of Headings 8701 To 8705 For The Motor Vehicles Of Heading 8704: Other is sold within the same state. IGST at 28.00% is charged when goods move across state borders or are imported.
Is Import Export Code necessary for trading 8706 Chassis Fitted With Engines, For The Motor Vehicles Of Headings 8701 To 8705 For The Motor Vehicles Of Heading 8704: Other domestically?
No, Import Export Code is only required if you plan to import or export 8706 Chassis Fitted With Engines, For The Motor Vehicles Of Headings 8701 To 8705 For The Motor Vehicles Of Heading 8704: Other internationally. For domestic trade within Vehicles Other Than Railway O, GST registration is sufficient.
