What is HSN code 89039990?

HSN code 89039990 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 89039990?

The GST rate applicable to HSN 89039990 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 89039990 follows this same structure.

What is the structure of HSN code 89039990?

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 89039990 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.

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HSN Code & GST Rates for Yachts And Other Vessels :- 89039990

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HSN Code

89039990

Harmonized System of Nomenclature

Chapter: 89
Heading: 8903
Sub-heading: 890399
Type: Tariff item (8-digit)
Classification: HSN (GST)

Under the GST regime, HSN Code 89039990 classifies Yachts And Other Vessels For Pleasure Or Sports; Rowing Boats And Canoes - Other : - Other : Other within Chapter 89 – Ships, Boats And Floating Str. This code is essential for businesses to correctly calculate and remit taxes on Yachts And Other Vessels For Pleasure Or Sports; Rowing Boats And Canoes - Other : - Other : Other. The applicable rates are CGST at N.a., SGST/UTGST at N.a. for within-state sales, and IGST at N.a. for interstate supplies. Goods are quantified using N.a.

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 89039990

For Yachts And Other Vessels For Pleasure Or Sports; Rowing Boats And Canoes - Other : - Other : Other classified under HSN Code 89039990, tax computation follows GST principles. CGST at N.a. plus SGST/UTGST at N.a. covers intrastate sales. IGST at N.a. applies to interstate transactions. N.a is the prescribed measurement for Ships, Boats And Floating Str under Chapter 89.

Who Should Use HSN Code 89039990?

Traders, manufacturers, and importers of Yachts And Other Vessels For Pleasure Or Sports; Rowing Boats And Canoes - Other : - Other : Other are required to mention HSN Code 89039990 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

Commencing trade in Yachts And Other Vessels For Pleasure Or Sports; Rowing Boats And Canoes - Other : - Other : Other? Secure GST registration to handle taxes on HSN 89039990 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

Correct HSN Code 89039990 application for Yachts And Other Vessels For Pleasure Or Sports; Rowing Boats And Canoes - Other : - Other : Other ensures smooth input credit utilization and assessment processes. Track N.a., N.a., and N.a. rate changes for Chapter 89 – Ships, Boats And Floating Str through official notifications for continuous compliance.

Frequently Asked Questions (FAQs)

How many digits of HSN Code 89039990 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 89039990 for accurate classification of Yachts And Other Vessels For Pleasure Or Sports; Rowing Boats And Canoes - Other : - Other : Other.

Can I claim input tax credit on Yachts And Other Vessels For Pleasure Or Sports; Rowing Boats And Canoes - Other : - Other : Other purchases?

Yes, registered businesses can claim input tax credit on Yachts And Other Vessels For Pleasure Or Sports; Rowing Boats And Canoes - Other : - Other : Other purchases made under HSN 89039990. Ensure your supplier mentions correct HSN code and GST rates (N.a., N.a.) on the invoice.

What is the difference between CGST and IGST for HSN 89039990?

CGST at N.a. plus SGST/UTGST at N.a. applies when Yachts And Other Vessels For Pleasure Or Sports; Rowing Boats And Canoes - Other : - Other : Other is sold within the same state. IGST at N.a. is charged when goods move across state borders or are imported.

Is Import Export Code necessary for trading Yachts And Other Vessels For Pleasure Or Sports; Rowing Boats And Canoes - Other : - Other : Other domestically?

No, Import Export Code is only required if you plan to import or export Yachts And Other Vessels For Pleasure Or Sports; Rowing Boats And Canoes - Other : - Other : Other internationally. For domestic trade within Ships, Boats And Floating Str, GST registration is sufficient.