Chapter 89 of the GST framework covers Ships, Boats And Floating Str, and HSN Code 89079000 specifically identifies Other Floating Structures ( For Example, Rafts, Tanks, Coffer-Dams, Landing-Stages, Buoys And Beacons) Other for taxation purposes. This classification is mandatory for all businesses engaged in the supply of Other Floating Structures ( For Example, Rafts, Tanks, Coffer-Dams, Landing-Stages, Buoys And Beacons) Other. Tax rates applicable include CGST at 0.025, SGST/UTGST at 0.025, and IGST at 0.05 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 89079000
The tax structure for Other Floating Structures ( For Example, Rafts, Tanks, Coffer-Dams, Landing-Stages, Buoys And Beacons) Other under HSN Code 89079000 follows a dual taxation model. CGST is levied at 0.025 and SGST/UTGST at 0.025 for intrastate sales. Interstate transactions attract IGST at 0.05. 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 89079000?
All businesses supplying Other Floating Structures ( For Example, Rafts, Tanks, Coffer-Dams, Landing-Stages, Buoys And Beacons) Other are obligated to use HSN 89079000 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
Looking to deal in Other Floating Structures ( For Example, Rafts, Tanks, Coffer-Dams, Landing-Stages, Buoys And Beacons) Other? GST registration is your first compliance requirement for HSN 89079000 goods. International traders in Ships, Boats And Floating Str products must obtain an Import Export Code. AD Code registration facilitates export payment processing. Company registration should precede all other business approvals.
Why Correct Classification Matters
Proper use of HSN Code 89079000 for Other Floating Structures ( For Example, Rafts, Tanks, Coffer-Dams, Landing-Stages, Buoys And Beacons) Other streamlines audit processes and supports valid credit claims. Stay updated on 0.025, 0.025, and 0.05 rates for Chapter 89 – Ships, Boats And Floating Str through government circulars to ensure uninterrupted compliance.
Frequently Asked Questions (FAQs)
HSN Code 89079000 is used to classify Other Floating Structures ( For Example, Rafts, Tanks, Coffer-Dams, Landing-Stages, Buoys And Beacons) Other 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.
For Other Floating Structures ( For Example, Rafts, Tanks, Coffer-Dams, Landing-Stages, Buoys And Beacons) Other, CGST applies at 0.025 and SGST/UTGST at 0.025 for intrastate supplies. Interstate transactions are taxed under IGST at 0.05.
Yes, GST registration is mandatory for businesses dealing in Other Floating Structures ( For Example, Rafts, Tanks, Coffer-Dams, Landing-Stages, Buoys And Beacons) Other under HSN 89079000. This enables you to legally collect taxes and claim input credits on purchases.
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.