Within Chapter 87 – Vehicles Other Than Railway O, HSN Code 87087000 serves as the official classification for Parts And Accessories Of The Motor Vehicles Of Headings 8701 To 8705 - Road Wheels And Parts And Accessories Thereof. This code determines tax rates and compliance obligations for all entities trading in Parts And Accessories Of The Motor Vehicles Of Headings 8701 To 8705 - Road Wheels And Parts And Accessories Thereof. CGST applies at 0.14, SGST/UTGST at 0.14 for local transactions, and IGST at 0.28 for interstate supplies. Measurement is standardized in kg..

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 87087000

For Parts And Accessories Of The Motor Vehicles Of Headings 8701 To 8705 - Road Wheels And Parts And Accessories Thereof classified under HSN Code 87087000, tax computation follows GST principles. CGST at 0.14 plus SGST/UTGST at 0.14 covers intrastate sales. IGST at 0.28 applies to interstate transactions. kg. is the prescribed measurement for Vehicles Other Than Railway O under Chapter 87.

Who Should Use HSN Code 87087000?

Traders, manufacturers, and importers of Parts And Accessories Of The Motor Vehicles Of Headings 8701 To 8705 - Road Wheels And Parts And Accessories Thereof are required to mention HSN Code 87087000 on all GST documents. This Vehicles Other Than Railway O classification under Chapter 87 is mandatory for compliance across all business formats including online sellers.

Business Registration Requirements

Looking to deal in Parts And Accessories Of The Motor Vehicles Of Headings 8701 To 8705 - Road Wheels And Parts And Accessories Thereof? GST registration is your first compliance requirement for HSN 87087000 goods. International traders in Vehicles Other Than Railway O products must obtain an Import Export Code. AD Code registration facilitates export payment processing. Company registration should precede all other business approvals.

Why Correct Classification Matters

Proper use of HSN Code 87087000 for Parts And Accessories Of The Motor Vehicles Of Headings 8701 To 8705 - Road Wheels And Parts And Accessories Thereof streamlines audit processes and supports valid credit claims. Stay updated on 0.14, 0.14, and 0.28 rates for Chapter 87 – Vehicles Other Than Railway O through government circulars to ensure uninterrupted compliance.

Frequently Asked Questions (FAQs)

How many digits of HSN Code 87087000 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 87087000 for accurate classification of Parts And Accessories Of The Motor Vehicles Of Headings 8701 To 8705 - Road Wheels And Parts And Accessories Thereof.

Can I claim input tax credit on Parts And Accessories Of The Motor Vehicles Of Headings 8701 To 8705 - Road Wheels And Parts And Accessories Thereof purchases?

Yes, registered businesses can claim input tax credit on Parts And Accessories Of The Motor Vehicles Of Headings 8701 To 8705 - Road Wheels And Parts And Accessories Thereof purchases made under HSN 87087000. Ensure your supplier mentions correct HSN code and GST rates (0.14, 0.14) on the invoice.

What is the difference between CGST and IGST for HSN 87087000?

CGST at 0.14 plus SGST/UTGST at 0.14 applies when Parts And Accessories Of The Motor Vehicles Of Headings 8701 To 8705 - Road Wheels And Parts And Accessories Thereof is sold within the same state. IGST at 0.28 is charged when goods move across state borders or are imported.

Is Import Export Code necessary for trading Parts And Accessories Of The Motor Vehicles Of Headings 8701 To 8705 - Road Wheels And Parts And Accessories Thereof domestically?

No, Import Export Code is only required if you plan to import or export Parts And Accessories Of The Motor Vehicles Of Headings 8701 To 8705 - Road Wheels And Parts And Accessories Thereof internationally. For domestic trade within Vehicles Other Than Railway O, GST registration is sufficient.

More HSN codes from Chapter 87

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