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)
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.
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.
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.
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.