HSN Code 89032300 provides the tax classification for Ships, Boats And Floating Structures~Yachts And Other Vessels For Pleasure Or Sports; Rowing Boats And Canoes~Of A Length Exceeding 24 M~Of A Length Exceeding 24 M 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~Of A Length Exceeding 24 M~Of A Length Exceeding 24 M 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 89032300
Tax liability for Ships, Boats And Floating Structures~Yachts And Other Vessels For Pleasure Or Sports; Rowing Boats And Canoes~Of A Length Exceeding 24 M~Of A Length Exceeding 24 M under HSN 89032300 varies by transaction geography. CGST at 0.14 combined with SGST/UTGST at 0.14 applies to local sales. Interstate movement attracts IGST at 0.28. All billing for Chapter 89 – Ships, Boats And Floating Str products must use u.
Who Should Use HSN Code 89032300?
Any business engaged in supplying Ships, Boats And Floating Structures~Yachts And Other Vessels For Pleasure Or Sports; Rowing Boats And Canoes~Of A Length Exceeding 24 M~Of A Length Exceeding 24 M must apply HSN 89032300 on invoices. The Ships, Boats And Floating Str category under Chapter 89 requires this classification for wholesalers, retailers, exporters, and online marketplaces alike.
Business Registration Requirements
Starting a business involving Ships, Boats And Floating Structures~Yachts And Other Vessels For Pleasure Or Sports; Rowing Boats And Canoes~Of A Length Exceeding 24 M~Of A Length Exceeding 24 M? GST registration is mandatory for collecting and remitting taxes on HSN 89032300 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
Correct HSN Code 89032300 application for Ships, Boats And Floating Structures~Yachts And Other Vessels For Pleasure Or Sports; Rowing Boats And Canoes~Of A Length Exceeding 24 M~Of A Length Exceeding 24 M ensures smooth input credit utilization and assessment processes. Track 0.14, 0.14, and 0.28 rate changes for Chapter 89 – Ships, Boats And Floating Str through official notifications for continuous compliance.
Frequently Asked Questions (FAQs)
Where can I find the official GST rate for HSN 89032300?
Official GST rates for Ships, Boats And Floating Structures~Yachts And Other Vessels For Pleasure Or Sports; Rowing Boats And Canoes~Of A Length Exceeding 24 M~Of A Length Exceeding 24 M under HSN 89032300 are published in government notifications and the CBIC website. Current rates are CGST 0.14, SGST/UTGST 0.14, and IGST 0.28.
Do online marketplaces need to mention HSN 89032300?
Yes, online marketplaces and e-commerce operators selling Ships, Boats And Floating Structures~Yachts And Other Vessels For Pleasure Or Sports; Rowing Boats And Canoes~Of A Length Exceeding 24 M~Of A Length Exceeding 24 M must mention HSN Code 89032300 on invoices. This Ships, Boats And Floating Str classification applies to all sales channels under Chapter 89.
What documents are needed for company registration to trade in Ships, Boats And Floating Structures~Yachts And Other Vessels For Pleasure Or Sports; Rowing Boats And Canoes~Of A Length Exceeding 24 M~Of A Length Exceeding 24 M?
For company registration, you need identity proof, address proof, and registered office documents. Once registered, apply for GST registration to start trading in Ships, Boats And Floating Structures~Yachts And Other Vessels For Pleasure Or Sports; Rowing Boats And Canoes~Of A Length Exceeding 24 M~Of A Length Exceeding 24 M under HSN 89032300.
How often do GST rates change for Ships, Boats And Floating Str products?
GST rates for Ships, Boats And Floating Structures~Yachts And Other Vessels For Pleasure Or Sports; Rowing Boats And Canoes~Of A Length Exceeding 24 M~Of A Length Exceeding 24 M and other Ships, Boats And Floating Str products under Chapter 89 may change through GST Council recommendations. Monitor official notifications to stay updated on 0.14, 0.14, and 0.28 revisions.