Under the GST regime, HSN Code 88051020 classifies Aircraft Launching Gear; Deck-Arrestor Or Similar Gear; Ground Flying Trainers; Parts Of The Foregoing Articles - Aircraft Launching Gear And Parts Thereof; Deck Arrestor Or Similar Gear And Parts Thereof: Deck Arrestor Or Similar Gear within Chapter 88 – Aircraft, Spacecraft, And Par. This code is essential for businesses to correctly calculate and remit taxes on Aircraft Launching Gear; Deck-Arrestor Or Similar Gear; Ground Flying Trainers; Parts Of The Foregoing Articles - Aircraft Launching Gear And Parts Thereof; Deck Arrestor Or Similar Gear And Parts Thereof: Deck Arrestor Or Similar Gear. The applicable rates are CGST at N.a., SGST/UTGST at N.a. for within-state sales, and IGST at N.a. for interstate supplies. Goods are quantified using N.a.
HSN Codes under Chapter 88 – Aircraft, Spacecraft, And Par
Below are related HSN codes from Chapter 88 – Aircraft, Spacecraft, And Par for your reference:
| Chapter | HSN Code | Description | CGST | SGST/UTGST | IGST |
|---|---|---|---|---|---|
| Aircraft, Spacecraft, And Par... | 88010010 | Balloons And Dirigibles; Gliders, Hang Gliders And... | 9.00% | 9.00% | 18.00% |
| Aircraft, Spacecraft, And Par... | 88010020 | Balloons And Dirigibles; Gliders, Hang Gliders And... | 9.00% | 9.00% | 18.00% |
| Aircraft, Spacecraft, And Par... | 88010090 | Balloons And Dirigibles; Gliders, Hang Gliders And... | 0.09 | 0.09 | 0.18 |
| Aircraft, Spacecraft, And Par... | 88011000 | Balloons And Dirigibles; Gliders, Hang Gliders And... | N.a. | N.a. | N.a. |
| Aircraft, Spacecraft, And Par... | 88019010 | Balloons And Dirigibles; Gliders, Hang Gliders And... | N.a. | N.a. | N.a. |
| Aircraft, Spacecraft, And Par... | 88019090 | Balloons And Dirigibles; Gliders, Hang Gliders And... | N.a. | N.a. | N.a. |
| Aircraft, Spacecraft, And Par... | 88021100 | Other Aircraft (For Example, Helicopters, Aeroplan... | 2.5/14% | 2.5/14% | 5/28% |
| Aircraft, Spacecraft, And Par... | 88021200 | Other Aircraft (For Example, Helicopters, Aeroplan... | 2.5/14% | 2.5/14% | 5/28% |
| Aircraft, Spacecraft, And Par... | 88022000 | Other Aircraft (For Example, Helicopters, Aeroplan... | 2.5/14% | 2.5/14% | 5/28% |
| Aircraft, Spacecraft, And Par... | 88023000 | Other Aircraft (For Example, Helicopters, Aeroplan... | 2.5/14% | 2.5/14% | 5/28% |
GST Rates for HSN 88051020
Tax liability for Aircraft Launching Gear; Deck-Arrestor Or Similar Gear; Ground Flying Trainers; Parts Of The Foregoing Articles - Aircraft Launching Gear And Parts Thereof; Deck Arrestor Or Similar Gear And Parts Thereof: Deck Arrestor Or Similar Gear under HSN 88051020 varies by transaction geography. CGST at N.a. combined with SGST/UTGST at N.a. applies to local sales. Interstate movement attracts IGST at N.a.. All billing for Chapter 88 – Aircraft, Spacecraft, And Par products must use N.a.
Who Should Use HSN Code 88051020?
Any business engaged in supplying Aircraft Launching Gear; Deck-Arrestor Or Similar Gear; Ground Flying Trainers; Parts Of The Foregoing Articles - Aircraft Launching Gear And Parts Thereof; Deck Arrestor Or Similar Gear And Parts Thereof: Deck Arrestor Or Similar Gear must apply HSN 88051020 on invoices. The Aircraft, Spacecraft, And Par category under Chapter 88 requires this classification for wholesalers, retailers, exporters, and online marketplaces alike.
Business Registration Requirements
Looking to deal in Aircraft Launching Gear; Deck-Arrestor Or Similar Gear; Ground Flying Trainers; Parts Of The Foregoing Articles - Aircraft Launching Gear And Parts Thereof; Deck Arrestor Or Similar Gear And Parts Thereof: Deck Arrestor Or Similar Gear? GST registration is your first compliance requirement for HSN 88051020 goods. International traders in Aircraft, Spacecraft, And Par 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 88051020 for Aircraft Launching Gear; Deck-Arrestor Or Similar Gear; Ground Flying Trainers; Parts Of The Foregoing Articles - Aircraft Launching Gear And Parts Thereof; Deck Arrestor Or Similar Gear And Parts Thereof: Deck Arrestor Or Similar Gear streamlines audit processes and supports valid credit claims. Stay updated on N.a., N.a., and N.a. rates for Chapter 88 – Aircraft, Spacecraft, And Par through government circulars to ensure uninterrupted compliance.
Frequently Asked Questions (FAQs)
HSN Code 88051020 is used to classify Aircraft Launching Gear; Deck-Arrestor Or Similar Gear; Ground Flying Trainers; Parts Of The Foregoing Articles - Aircraft Launching Gear And Parts Thereof; Deck Arrestor Or Similar Gear And Parts Thereof: Deck Arrestor Or Similar Gear under Chapter 88 – Aircraft, Spacecraft, And Par for GST purposes. Businesses must mention this code on invoices to ensure correct tax calculation and compliance.
For Aircraft Launching Gear; Deck-Arrestor Or Similar Gear; Ground Flying Trainers; Parts Of The Foregoing Articles - Aircraft Launching Gear And Parts Thereof; Deck Arrestor Or Similar Gear And Parts Thereof: Deck Arrestor Or Similar Gear, CGST applies at N.a. and SGST/UTGST at N.a. for intrastate supplies. Interstate transactions are taxed under IGST at N.a..
Yes, GST registration is mandatory for businesses dealing in Aircraft Launching Gear; Deck-Arrestor Or Similar Gear; Ground Flying Trainers; Parts Of The Foregoing Articles - Aircraft Launching Gear And Parts Thereof; Deck Arrestor Or Similar Gear And Parts Thereof: Deck Arrestor Or Similar Gear under HSN 88051020. This enables you to legally collect taxes and claim input credits on purchases.
For importing goods under Aircraft, Spacecraft, And Par, you need GST registration along with an Import Export Code. Exporters should also obtain AD Code registration for processing international payments.