87149920 is the designated HSN classification for Parts And Accessories Of Vehicles Of Headings 8711To 8713 Other Bicycle Wheels, categorized under Chapter 87 – Vehicles Other Than Railway O in the GST tariff structure. Businesses involved in trading, manufacturing, or importing Parts And Accessories Of Vehicles Of Headings 8711To 8713 Other Bicycle Wheels must apply this code correctly on invoices and tax returns. The applicable tax rates include CGST at 6.00%, SGST/UTGST at 6.00% for local transactions, and IGST at 12.00% for interstate supplies. Quantities are measured in kg. for billing purposes.
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 87149920
Tax liability for Parts And Accessories Of Vehicles Of Headings 8711To 8713 Other Bicycle Wheels under HSN 87149920 varies by transaction geography. CGST at 6.00% combined with SGST/UTGST at 6.00% applies to local sales. Interstate movement attracts IGST at 12.00%. All billing for Chapter 87 – Vehicles Other Than Railway O products must use kg..
Who Should Use HSN Code 87149920?
Any business engaged in supplying Parts And Accessories Of Vehicles Of Headings 8711To 8713 Other Bicycle Wheels must apply HSN 87149920 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 Parts And Accessories Of Vehicles Of Headings 8711To 8713 Other Bicycle Wheels market requires essential registrations. GST registration enables legal tax collection on HSN 87149920 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
Using HSN Code 87149920 accurately for Parts And Accessories Of Vehicles Of Headings 8711To 8713 Other Bicycle Wheels avoids compliance issues and facilitates credit claims. Monitor changes to 6.00%, 6.00%, and 12.00% rates for Chapter 87 – Vehicles Other Than Railway O to maintain accurate filings and smooth business operations.
Frequently Asked Questions (FAQs)
How many digits of HSN Code 87149920 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 87149920 for accurate classification of Parts And Accessories Of Vehicles Of Headings 8711To 8713 Other Bicycle Wheels.
Can I claim input tax credit on Parts And Accessories Of Vehicles Of Headings 8711To 8713 Other Bicycle Wheels purchases?
Yes, registered businesses can claim input tax credit on Parts And Accessories Of Vehicles Of Headings 8711To 8713 Other Bicycle Wheels purchases made under HSN 87149920. Ensure your supplier mentions correct HSN code and GST rates (6.00%, 6.00%) on the invoice.
What is the difference between CGST and IGST for HSN 87149920?
CGST at 6.00% plus SGST/UTGST at 6.00% applies when Parts And Accessories Of Vehicles Of Headings 8711To 8713 Other Bicycle Wheels is sold within the same state. IGST at 12.00% is charged when goods move across state borders or are imported.
Is Import Export Code necessary for trading Parts And Accessories Of Vehicles Of Headings 8711To 8713 Other Bicycle Wheels domestically?
No, Import Export Code is only required if you plan to import or export Parts And Accessories Of Vehicles Of Headings 8711To 8713 Other Bicycle Wheels internationally. For domestic trade within Vehicles Other Than Railway O, GST registration is sufficient.
