HSN Code 87088000 provides the tax classification for Parts And Accessories Of The Motor Vehicles Of Headings 8701 To 8705 - Suspension Systems And Parts Thereof (Including Shock Absorbers) under Chapter 87 – Vehicles Other Than Railway O of the GST tariff. Businesses dealing in Parts And Accessories Of The Motor Vehicles Of Headings 8701 To 8705 - Suspension Systems And Parts Thereof (Including Shock Absorbers) must use this code for proper invoicing and return filing. Applicable taxes include CGST at 0.14, SGST/UTGST at 0.14, and IGST at 0.28. The recognized unit of measurement is 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 87088000

Goods classified as Parts And Accessories Of The Motor Vehicles Of Headings 8701 To 8705 - Suspension Systems And Parts Thereof (Including Shock Absorbers) under HSN 87088000 are taxed based on transaction type. Local sales attract CGST at 0.14 plus SGST/UTGST at 0.14. For supplies crossing state boundaries, IGST at 0.28 applies. Documentation must reflect kg. as the measurement standard for Chapter 87 – Vehicles Other Than Railway O products.

Who Should Use HSN Code 87088000?

All businesses supplying Parts And Accessories Of The Motor Vehicles Of Headings 8701 To 8705 - Suspension Systems And Parts Thereof (Including Shock Absorbers) are obligated to use HSN 87088000 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

Looking to deal in Parts And Accessories Of The Motor Vehicles Of Headings 8701 To 8705 - Suspension Systems And Parts Thereof (Including Shock Absorbers)? GST registration is your first compliance requirement for HSN 87088000 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

Using HSN Code 87088000 accurately for Parts And Accessories Of The Motor Vehicles Of Headings 8701 To 8705 - Suspension Systems And Parts Thereof (Including Shock Absorbers) avoids compliance issues and facilitates credit claims. Monitor changes to 0.14, 0.14, and 0.28 rates for Chapter 87 – Vehicles Other Than Railway O to maintain accurate filings and smooth business operations.

Frequently Asked Questions (FAQs)

What is HSN Code 87088000 used for?

HSN Code 87088000 is used to classify Parts And Accessories Of The Motor Vehicles Of Headings 8701 To 8705 - Suspension Systems And Parts Thereof (Including Shock Absorbers) under Chapter 87 – Vehicles Other Than Railway O for GST purposes. Businesses must mention this code on invoices to ensure correct tax calculation and compliance.

What are the GST rates applicable on HSN 87088000?

For Parts And Accessories Of The Motor Vehicles Of Headings 8701 To 8705 - Suspension Systems And Parts Thereof (Including Shock Absorbers), CGST applies at 0.14 and SGST/UTGST at 0.14 for intrastate supplies. Interstate transactions are taxed under IGST at 0.28.

Do I need GST registration to trade in Parts And Accessories Of The Motor Vehicles Of Headings 8701 To 8705 - Suspension Systems And Parts Thereof (Including Shock Absorbers)?

Yes, GST registration is mandatory for businesses dealing in Parts And Accessories Of The Motor Vehicles Of Headings 8701 To 8705 - Suspension Systems And Parts Thereof (Including Shock Absorbers) under HSN 87088000. This enables you to legally collect taxes and claim input credits on purchases.

What registrations are required for importing Parts And Accessories Of The Motor Vehicles Of Headings 8701 To 8705 - Suspension Systems And Parts Thereof (Including Shock Absorbers)?

For importing goods under Vehicles Other Than Railway O, you need GST registration along with an Import Export Code. Exporters should also obtain AD Code registration for processing international payments.

More HSN codes from Chapter 87

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