Within Chapter 89 – Ships, Boats And Floating Str, HSN Code 89011040 serves as the official classification for Cruise Ships, Excursion Boats , Ferry-Boats, Cargo Ships, Barges And Similar Vessels For The Transport Of Persons Or Goods - Cruise Ships, Excursion Boats And Similar Vessels Principally Designed For The Transport Of Persons; Ferry-Boats Of All Kinds: Ba.... This code determines tax rates and compliance obligations for all entities trading in Cruise Ships, Excursion Boats , Ferry-Boats, Cargo Ships, Barges And Similar Vessels For The Transport Of Persons Or Goods - Cruise Ships, Excursion Boats And Similar Vessels Principally Designed For The Transport Of Persons; Ferry-Boats Of All Kinds: Ba.... CGST applies at 2.50%, SGST/UTGST at 2.50% for local transactions, and IGST at 5.00% for interstate supplies. Measurement is standardized in u.
HSN Codes under Chapter 89 – Ships, Boats And Floating Str
Below are related HSN codes from Chapter 89 – Ships, Boats And Floating Str for your reference:
| Chapter | HSN Code | Description | CGST | SGST/UTGST | IGST |
|---|---|---|---|---|---|
| Ships, Boats And Floating Str... | 89011010 | Cruise Ships, Excursion Boats , Ferry-Boats, Cargo... | N.a. | N.a. | N.a. |
| Ships, Boats And Floating Str... | 89011020 | Cruise Ships, Excursion Boats , Ferry-Boats, Cargo... | N.a. | N.a. | N.a. |
| Ships, Boats And Floating Str... | 89011030 | Cruise Ships, Excursion Boats , Ferry-Boats, Cargo... | N.a. | N.a. | N.a. |
| Ships, Boats And Floating Str... | 89011090 | Cruise Ships, Excursion Boats , Ferry-Boats, Cargo... | 0.025 | 0.025 | 0.05 |
| Ships, Boats And Floating Str... | 89012000 | Cruise Ships, Excursion Boats , Ferry-Boats, Cargo... | 0.025 | 0.025 | 0.05 |
| Ships, Boats And Floating Str... | 89013000 | Cruise Ships, Excursion Boats , Ferry-Boats, Cargo... | 0.025 | 0.025 | 0.05 |
| Ships, Boats And Floating Str... | 89019000 | Cruise Ships, Excursion Boats , Ferry-Boats, Cargo... | 0.025 | 0.025 | 0.05 |
| Ships, Boats And Floating Str... | 89020010 | Fishing Vessels; Factory Ships And Other Vessels F... | 2.50% | 2.50% | 5.00% |
| Ships, Boats And Floating Str... | 89020090 | Fishing Vessels; Factory Ships And Other Vessels F... | 0.025 | 0.025 | 0.05 |
| Ships, Boats And Floating Str... | 89031000 | Yachts And Other Vessels For Pleasure Or Sports; R... | N.a. | N.a. | N.a. |
GST Rates for HSN 89011040
The tax structure for Cruise Ships, Excursion Boats , Ferry-Boats, Cargo Ships, Barges And Similar Vessels For The Transport Of Persons Or Goods - Cruise Ships, Excursion Boats And Similar Vessels Principally Designed For The Transport Of Persons; Ferry-Boats Of All Kinds: Ba... under HSN Code 89011040 follows a dual taxation model. CGST is levied at 2.50% and SGST/UTGST at 2.50% for intrastate sales. Interstate transactions attract IGST at 5.00%. All invoices must record quantities in u as the standard measurement for goods under Chapter 89 – Ships, Boats And Floating Str.
Who Should Use HSN Code 89011040?
Every entity transacting in Cruise Ships, Excursion Boats , Ferry-Boats, Cargo Ships, Barges And Similar Vessels For The Transport Of Persons Or Goods - Cruise Ships, Excursion Boats And Similar Vessels Principally Designed For The Transport Of Persons; Ferry-Boats Of All Kinds: Ba... must quote HSN Code 89011040 on invoices. This includes traders, distributors, and e-commerce sellers operating under Ships, Boats And Floating Str. Chapter 89 mandates this classification for accurate tax computation across the supply chain.
Business Registration Requirements
Entering the Cruise Ships, Excursion Boats , Ferry-Boats, Cargo Ships, Barges And Similar Vessels For The Transport Of Persons Or Goods - Cruise Ships, Excursion Boats And Similar Vessels Principally Designed For The Transport Of Persons; Ferry-Boats Of All Kinds: Ba... market requires essential registrations. GST registration enables legal tax collection on HSN 89011040 goods. For cross-border trade in Ships, Boats And Floating Str 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
Proper use of HSN Code 89011040 for Cruise Ships, Excursion Boats , Ferry-Boats, Cargo Ships, Barges And Similar Vessels For The Transport Of Persons Or Goods - Cruise Ships, Excursion Boats And Similar Vessels Principally Designed For The Transport Of Persons; Ferry-Boats Of All Kinds: Ba... streamlines audit processes and supports valid credit claims. Stay updated on 2.50%, 2.50%, and 5.00% rates for Chapter 89 – Ships, Boats And Floating Str through government circulars to ensure uninterrupted compliance.
Frequently Asked Questions (FAQs)
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 89011040 for accurate classification of Cruise Ships, Excursion Boats , Ferry-Boats, Cargo Ships, Barges And Similar Vessels For The Transport Of Persons Or Goods - Cruise Ships, Excursion Boats And Similar Vessels Principally Designed For The Transport Of Persons; Ferry-Boats Of All Kinds: Ba....
Yes, registered businesses can claim input tax credit on Cruise Ships, Excursion Boats , Ferry-Boats, Cargo Ships, Barges And Similar Vessels For The Transport Of Persons Or Goods - Cruise Ships, Excursion Boats And Similar Vessels Principally Designed For The Transport Of Persons; Ferry-Boats Of All Kinds: Ba... purchases made under HSN 89011040. Ensure your supplier mentions correct HSN code and GST rates (2.50%, 2.50%) on the invoice.
CGST at 2.50% plus SGST/UTGST at 2.50% applies when Cruise Ships, Excursion Boats , Ferry-Boats, Cargo Ships, Barges And Similar Vessels For The Transport Of Persons Or Goods - Cruise Ships, Excursion Boats And Similar Vessels Principally Designed For The Transport Of Persons; Ferry-Boats Of All Kinds: Ba... is sold within the same state. IGST at 5.00% is charged when goods move across state borders or are imported.
No, Import Export Code is only required if you plan to import or export Cruise Ships, Excursion Boats , Ferry-Boats, Cargo Ships, Barges And Similar Vessels For The Transport Of Persons Or Goods - Cruise Ships, Excursion Boats And Similar Vessels Principally Designed For The Transport Of Persons; Ferry-Boats Of All Kinds: Ba... internationally. For domestic trade within Ships, Boats And Floating Str, GST registration is sufficient.