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HSN Code & GST Rates for Vessels And Other Floating :- 89080000

89080000 is the designated HSN classification for Vessels And Other Floating Structures For Breaking Up, categorized under Chapter 89 – Ships, Boats And Floating Str in the GST tariff structure. Businesses involved in trading, manufacturing, or importing Vessels And Other Floating Structures For Breaking Up must apply this code correctly on invoices and tax returns. The applicable tax rates include CGST at 0.09, SGST/UTGST at 0.09 for local transactions, and IGST at 0.18 for interstate supplies. Quantities are measured in 0 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 89080000

For Vessels And Other Floating Structures For Breaking Up classified under HSN Code 89080000, tax computation follows GST principles. CGST at 0.09 plus SGST/UTGST at 0.09 covers intrastate sales. IGST at 0.18 applies to interstate transactions. 0 is the prescribed measurement for Ships, Boats And Floating Str under Chapter 89.

Who Should Use HSN Code 89080000?

Every entity transacting in Vessels And Other Floating Structures For Breaking Up must quote HSN Code 89080000 on invoices. This includes traders, distributors, and e-commerce sellers operating under Ships, Boats And Floating Str. Chapter 89 mandates this classification for accurate tax computation across the supply chain.

Business Registration Requirements

Starting a business involving Vessels And Other Floating Structures For Breaking Up? GST registration is mandatory for collecting and remitting taxes on HSN 89080000 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

Accurate HSN Code 89080000 usage for Vessels And Other Floating Structures For Breaking Up simplifies reconciliation and protects against penalties. Keep current with 0.09, 0.09, and 0.18 updates for Chapter 89 – Ships, Boats And Floating Str to ensure ongoing compliance.

Frequently Asked Questions (FAQs)

Where can I find the official GST rate for HSN 89080000?

Official GST rates for Vessels And Other Floating Structures For Breaking Up under HSN 89080000 are published in government notifications and the CBIC website. Current rates are CGST 0.09, SGST/UTGST 0.09, and IGST 0.18.

Do online marketplaces need to mention HSN 89080000?

Yes, online marketplaces and e-commerce operators selling Vessels And Other Floating Structures For Breaking Up must mention HSN Code 89080000 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 Vessels And Other Floating Structures For Breaking Up?

For company registration, you need identity proof, address proof, and registered office documents. Once registered, apply for GST registration to start trading in Vessels And Other Floating Structures For Breaking Up under HSN 89080000.

How often do GST rates change for Ships, Boats And Floating Str products?

GST rates for Vessels And Other Floating Structures For Breaking Up and other Ships, Boats And Floating Str products under Chapter 89 may change through GST Council recommendations. Monitor official notifications to stay updated on 0.09, 0.09, and 0.18 revisions.

More HSN codes from Chapter 89

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