90142000 is the designated HSN classification for Direction Finding Compasses; Other Navigational Instruments And Appliances Instruments And Appliances For Aeronautical Or Space Navigation (Other Than Compasses), categorized under Chapter 90 – Optical, Photographic, Cinema in the GST tariff structure. Businesses involved in trading, manufacturing, or importing Direction Finding Compasses; Other Navigational Instruments And Appliances Instruments And Appliances For Aeronautical Or Space Navigation (Other Than Compasses) 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 u for billing purposes.
HSN Codes under Chapter 90 – Optical, Photographic, Cinema
Below are related HSN codes from Chapter 90 – Optical, Photographic, Cinema for your reference:
| Chapter | HSN Code | Description | CGST | SGST/UTGST | IGST |
|---|---|---|---|---|---|
| Optical, Photographic, Cinema... | 90011000 | Optical Fibres And Optical Fibre Bundles; Optical ... | 0.09 | 0.09 | 0.18 |
| Optical, Photographic, Cinema... | 90012000 | Optical Fibres And Optical Fibre Bundles; Optical ... | 0.09 | 0.09 | 0.18 |
| Optical, Photographic, Cinema... | 90013000 | Optical Fibres And Optical Fibre Bundles; Optical ... | 0.06 | 0.06 | 0.12 |
| Optical, Photographic, Cinema... | 90014010 | Optical Fibres And Optical Fibre Bundles; Optical ... | 6.00% | 6.00% | 12.00% |
| Optical, Photographic, Cinema... | 90014090 | Optical Fibres And Optical Fibre Bundles; Optical ... | 0.06 | 0.06 | 0.12 |
| Optical, Photographic, Cinema... | 90015000 | Optical Fibres And Optical Fibre Bundles; Optical ... | 0.06 | 0.06 | 0.12 |
| Optical, Photographic, Cinema... | 90019010 | Optical Fibres And Optical Fibre Bundles; Optical ... | 9.00% | 9.00% | 18.00% |
| Optical, Photographic, Cinema... | 90019090 | Optical Fibres And Optical Fibre Bundles; Optical ... | 0.09 | 0.09 | 0.18 |
| Optical, Photographic, Cinema... | 90021100 | Lenses, Prisms, Mirrors And Other Optical Elements... | 0.09 | 0.09 | 0.18 |
| Optical, Photographic, Cinema... | 90021900 | Lenses, Prisms, Mirrors And Other Optical Elements... | 0.09 | 0.09 | 0.18 |
GST Rates for HSN 90142000
The taxation of Direction Finding Compasses; Other Navigational Instruments And Appliances Instruments And Appliances For Aeronautical Or Space Navigation (Other Than Compasses) under HSN Code 90142000 depends on supply location. Intrastate transactions require CGST at 0.09 and SGST/UTGST at 0.09. Interstate supplies are charged IGST at 0.18. Invoices should consistently use u for Optical, Photographic, Cinema goods under Chapter 90.
Who Should Use HSN Code 90142000?
Traders, manufacturers, and importers of Direction Finding Compasses; Other Navigational Instruments And Appliances Instruments And Appliances For Aeronautical Or Space Navigation (Other Than Compasses) are required to mention HSN Code 90142000 on all GST documents. This Optical, Photographic, Cinema classification under Chapter 90 is mandatory for compliance across all business formats including online sellers.
Business Registration Requirements
Entering the Direction Finding Compasses; Other Navigational Instruments And Appliances Instruments And Appliances For Aeronautical Or Space Navigation (Other Than Compasses) market requires essential registrations. GST registration enables legal tax collection on HSN 90142000 goods. For cross-border trade in Optical, Photographic, Cinema items, secure an Import Export Code. Exporters additionally need AD Code registration for bank processing. Begin with company registration to establish your business entity.
Why Correct Classification Matters
Correct HSN Code 90142000 application for Direction Finding Compasses; Other Navigational Instruments And Appliances Instruments And Appliances For Aeronautical Or Space Navigation (Other Than Compasses) ensures smooth input credit utilization and assessment processes. Track 0.09, 0.09, and 0.18 rate changes for Chapter 90 – Optical, Photographic, Cinema through official notifications for continuous compliance.
Frequently Asked Questions (FAQs)
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 90142000 for accurate classification of Direction Finding Compasses; Other Navigational Instruments And Appliances Instruments And Appliances For Aeronautical Or Space Navigation (Other Than Compasses).
Yes, registered businesses can claim input tax credit on Direction Finding Compasses; Other Navigational Instruments And Appliances Instruments And Appliances For Aeronautical Or Space Navigation (Other Than Compasses) purchases made under HSN 90142000. Ensure your supplier mentions correct HSN code and GST rates (0.09, 0.09) on the invoice.
CGST at 0.09 plus SGST/UTGST at 0.09 applies when Direction Finding Compasses; Other Navigational Instruments And Appliances Instruments And Appliances For Aeronautical Or Space Navigation (Other Than Compasses) is sold within the same state. IGST at 0.18 is charged when goods move across state borders or are imported.
No, Import Export Code is only required if you plan to import or export Direction Finding Compasses; Other Navigational Instruments And Appliances Instruments And Appliances For Aeronautical Or Space Navigation (Other Than Compasses) internationally. For domestic trade within Optical, Photographic, Cinema, GST registration is sufficient.