Chapter 89 of the GST framework covers Ships, Boats And Floating Str, and HSN Code 89033300 specifically identifies 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 taxation purposes. This classification is mandatory for all businesses engaged in the supply of 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. Tax rates applicable include CGST at 0.14, SGST/UTGST at 0.14, and IGST at 0.28 for interstate movements. The standard 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 89033300
The tax structure 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 Code 89033300 follows a dual taxation model. CGST is levied at 0.14 and SGST/UTGST at 0.14 for intrastate sales. Interstate transactions attract IGST at 0.28. 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 89033300?
All businesses 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 are obligated to use HSN 89033300 on tax invoices. From producers to retailers within Ships, Boats And Floating Str, Chapter 89 classification ensures uniform tax treatment. This requirement applies regardless of turnover or business model.
Business Registration Requirements
Commencing 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? Secure GST registration to handle taxes on HSN 89033300 classified goods. Businesses with international operations in Ships, Boats And Floating Str need an Import Export Code. Exporters require AD Code registration for foreign currency receipts. Start with company registration to formalize your business structure.
Why Correct Classification Matters
Proper use of HSN Code 89033300 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 streamlines audit processes and supports valid credit claims. Stay updated on 0.14, 0.14, and 0.28 rates for Chapter 89 – Ships, Boats And Floating Str through government circulars to ensure uninterrupted compliance.
Frequently Asked Questions (FAQs)
Where can I find the official GST rate for HSN 89033300?
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 89033300 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 89033300?
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 89033300 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 89033300.
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.