What is HSN code 89039300?

HSN code 89039300 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.

What is the GST rate for HSN code 89039300?

The GST rate applicable to HSN 89039300 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 89039300 follows this same structure.

What is the structure of HSN code 89039300?

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 89039300 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: 89039300 Ships, Boats And Floating

89039300 is the designated HSN classification for Ships, Boats And Floating Structures~Yachts And Other Vessels For Pleasure Or Sports; Rowing Boats And Canoes~Of A Length Not Exceeding 7.5 M~Of A Length Not Exceeding 7.5 M, categorized under Chapter 89 – Ships, Boats And Floating Str in the GST tariff structure. Businesses involved in trading, manufacturing, or importing Ships, Boats And Floating Structures~Yachts And Other Vessels For Pleasure Or Sports; Rowing Boats And Canoes~Of A Length Not Exceeding 7.5 M~Of A Length Not Exceeding 7.5 M must apply this code correctly on invoices and tax returns. The applicable tax rates include CGST at 0.14, SGST/UTGST at 0.14 for local transactions, and IGST at 0.28 for interstate supplies. Quantities are measured in u for billing purposes.

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 89039300

Tax liability for Ships, Boats And Floating Structures~Yachts And Other Vessels For Pleasure Or Sports; Rowing Boats And Canoes~Of A Length Not Exceeding 7.5 M~Of A Length Not Exceeding 7.5 M under HSN 89039300 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 89039300?

Traders, manufacturers, and importers of Ships, Boats And Floating Structures~Yachts And Other Vessels For Pleasure Or Sports; Rowing Boats And Canoes~Of A Length Not Exceeding 7.5 M~Of A Length Not Exceeding 7.5 M are required to mention HSN Code 89039300 on all GST documents. This Ships, Boats And Floating Str classification under Chapter 89 is mandatory for compliance across all business formats including online sellers.

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 Not Exceeding 7.5 M~Of A Length Not Exceeding 7.5 M? GST registration is mandatory for collecting and remitting taxes on HSN 89039300 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

Proper use of HSN Code 89039300 for Ships, Boats And Floating Structures~Yachts And Other Vessels For Pleasure Or Sports; Rowing Boats And Canoes~Of A Length Not Exceeding 7.5 M~Of A Length Not Exceeding 7.5 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)

How many digits of HSN Code 89039300 should I mention on invoices?

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 89039300 for accurate classification of Ships, Boats And Floating Structures~Yachts And Other Vessels For Pleasure Or Sports; Rowing Boats And Canoes~Of A Length Not Exceeding 7.5 M~Of A Length Not Exceeding 7.5 M.

Can I claim input tax credit on Ships, Boats And Floating Structures~Yachts And Other Vessels For Pleasure Or Sports; Rowing Boats And Canoes~Of A Length Not Exceeding 7.5 M~Of A Length Not Exceeding 7.5 M purchases?

Yes, registered businesses can claim input tax credit on Ships, Boats And Floating Structures~Yachts And Other Vessels For Pleasure Or Sports; Rowing Boats And Canoes~Of A Length Not Exceeding 7.5 M~Of A Length Not Exceeding 7.5 M purchases made under HSN 89039300. Ensure your supplier mentions correct HSN code and GST rates (0.14, 0.14) on the invoice.

What is the difference between CGST and IGST for HSN 89039300?

CGST at 0.14 plus SGST/UTGST at 0.14 applies when Ships, Boats And Floating Structures~Yachts And Other Vessels For Pleasure Or Sports; Rowing Boats And Canoes~Of A Length Not Exceeding 7.5 M~Of A Length Not Exceeding 7.5 M is sold within the same state. IGST at 0.28 is charged when goods move across state borders or are imported.

Is Import Export Code necessary for trading Ships, Boats And Floating Structures~Yachts And Other Vessels For Pleasure Or Sports; Rowing Boats And Canoes~Of A Length Not Exceeding 7.5 M~Of A Length Not Exceeding 7.5 M domestically?

No, Import Export Code is only required if you plan to import or export Ships, Boats And Floating Structures~Yachts And Other Vessels For Pleasure Or Sports; Rowing Boats And Canoes~Of A Length Not Exceeding 7.5 M~Of A Length Not Exceeding 7.5 M internationally. For domestic trade within Ships, Boats And Floating Str, GST registration is sufficient.

HSN Code & GST Rates for Ships, Boats And Floating :- 89039300