What is the GST rate for HSN code 89031200?

The GST rate applicable to HSN 89031200 is shown in the details above. GST rates are revised from time to time through CBIC notifications, so always confirm the current rate before raising an invoice.

How many digits does an HSN code have?

Under Indian GST, HSN codes are 2, 4, 6 or 8 digits. Businesses quote 4, 6 or 8 digits on invoices depending on turnover; code 89031200 follows this same structure.

What is the structure of HSN code 89031200?

An HSN code breaks down into a 2-digit Chapter, 4-digit Heading and 6-digit Sub-heading, extending to an 8-digit tariff item in India. Code 89031200 sits within this hierarchy.

Where is the HSN code used?

HSN codes are quoted on GST invoices and in GSTR-1 returns, and are used to classify goods for GST rate determination and customs.

HSN Code: 89031200 Ships, Boats And Floating

Q: What is HSN code 89031200?

HSN code 89031200 is a classification under the Harmonized System of Nomenclature used to identify goods for GST in India. The goods description and applicable GST rate are shown in the details on this page.

HSN Code 89031200 provides the tax classification for Ships, Boats And Floating Structures~Yachts And Other Vessels For Pleasure Or Sports; Rowing Boats And Canoes~Not Designed For Use With A Motor And Unladen (Net) Weight Not Exceeding 100 Kg~Not Designed For Use With A Motor And Unladen (Net) Weight Not E... under Chapter 89 – Ships, Boats And Floating Str of the GST tariff. Businesses dealing in Ships, Boats And Floating Structures~Yachts And Other Vessels For Pleasure Or Sports; Rowing Boats And Canoes~Not Designed For Use With A Motor And Unladen (Net) Weight Not Exceeding 100 Kg~Not Designed For Use With A Motor And Unladen (Net) Weight Not E... 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 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...	89011040	Cruise Ships, Excursion Boats , Ferry-Boats, Cargo...	2.50%	2.50%	5.00%
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

GST Rates for HSN 89031200

The taxation of Ships, Boats And Floating Structures~Yachts And Other Vessels For Pleasure Or Sports; Rowing Boats And Canoes~Not Designed For Use With A Motor And Unladen (Net) Weight Not Exceeding 100 Kg~Not Designed For Use With A Motor And Unladen (Net) Weight Not E... under HSN Code 89031200 depends on supply location. Intrastate transactions require CGST at 0.14 and SGST/UTGST at 0.14. Interstate supplies are charged IGST at 0.28. Invoices should consistently use u for Ships, Boats And Floating Str goods under Chapter 89.

Who Should Use HSN Code 89031200?

Manufacturers, wholesalers, retailers, and exporters dealing in Ships, Boats And Floating Structures~Yachts And Other Vessels For Pleasure Or Sports; Rowing Boats And Canoes~Not Designed For Use With A Motor And Unladen (Net) Weight Not Exceeding 100 Kg~Not Designed For Use With A Motor And Unladen (Net) Weight Not E... are required to mention HSN 89031200 on all tax documents. This classification under Ships, Boats And Floating Str applies to businesses of all sizes operating within Chapter 89. Proper usage ensures accurate return filing and audit compliance.

Business Registration Requirements

Starting a business involving Ships, Boats And Floating Structures~Yachts And Other Vessels For Pleasure Or Sports; Rowing Boats And Canoes~Not Designed For Use With A Motor And Unladen (Net) Weight Not Exceeding 100 Kg~Not Designed For Use With A Motor And Unladen (Net) Weight Not E...? GST registration is mandatory for collecting and remitting taxes on HSN 89031200 goods. Companies planning international trade within Ships, Boats And Floating Str must obtain an Import Export Code. Exporters need AD Code registration for receiving foreign payments. New entrepreneurs should complete company registration before pursuing trade-specific approvals.

Why Correct Classification Matters

Accurate application of HSN Code 89031200 for Ships, Boats And Floating Structures~Yachts And Other Vessels For Pleasure Or Sports; Rowing Boats And Canoes~Not Designed For Use With A Motor And Unladen (Net) Weight Not Exceeding 100 Kg~Not Designed For Use With A Motor And Unladen (Net) Weight Not E... enables legitimate input tax credit claims and prevents assessment disputes. Businesses under Chapter 89 – Ships, Boats And Floating Str should monitor rate updates (0.14, 0.14, 0.28) through official notifications to maintain seamless compliance.

Frequently Asked Questions (FAQs)

What is HSN Code 89031200 used for?

HSN Code 89031200 is used to classify Ships, Boats And Floating Structures~Yachts And Other Vessels For Pleasure Or Sports; Rowing Boats And Canoes~Not Designed For Use With A Motor And Unladen (Net) Weight Not Exceeding 100 Kg~Not Designed For Use With A Motor And Unladen (Net) Weight Not E... under Chapter 89 – Ships, Boats And Floating Str 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 89031200?

For Ships, Boats And Floating Structures~Yachts And Other Vessels For Pleasure Or Sports; Rowing Boats And Canoes~Not Designed For Use With A Motor And Unladen (Net) Weight Not Exceeding 100 Kg~Not Designed For Use With A Motor And Unladen (Net) Weight Not E..., 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 Ships, Boats And Floating Structures~Yachts And Other Vessels For Pleasure Or Sports; Rowing Boats And Canoes~Not Designed For Use With A Motor And Unladen (Net) Weight Not Exceeding 100 Kg~Not Designed For Use With A Motor And Unladen (Net) Weight Not E...?

Yes, GST registration is mandatory for businesses dealing in Ships, Boats And Floating Structures~Yachts And Other Vessels For Pleasure Or Sports; Rowing Boats And Canoes~Not Designed For Use With A Motor And Unladen (Net) Weight Not Exceeding 100 Kg~Not Designed For Use With A Motor And Unladen (Net) Weight Not E... under HSN 89031200. This enables you to legally collect taxes and claim input credits on purchases.

What registrations are required for importing Ships, Boats And Floating Structures~Yachts And Other Vessels For Pleasure Or Sports; Rowing Boats And Canoes~Not Designed For Use With A Motor And Unladen (Net) Weight Not Exceeding 100 Kg~Not Designed For Use With A Motor And Unladen (Net) Weight Not E...?

For importing goods under Ships, Boats And Floating Str, you need GST registration along with an Import Export Code. Exporters should also obtain AD Code registration for processing international payments.

HSN Code & GST Rates for Ships, Boats And Floating :- 89031200