HSN Code and GST Tax rate for Ships, boats and floating structures under section-17 chapter-89
If the trader’s trades for Ships, boats, and floating structures then they will have to use the HSN CODE for theShips, boats and floating structures in the invoice or in the GST Return for identifications of theShips, boats and floating structures.
According to the chapter-89 ( HSN code forShips, boats and floating structuresof section-17(VEHICLES, AIRCRAFT, VESSELS AND ASSOCIATED TRANSPORT EQUIPMENT)–
Notes
A hull, an unfinished or incomplete vessel, assembled, un-assembled, or disassembled, or a complete vessel un-assembled or disassembled, is to be classified in heading 8906 if it does not have the essential character of a vessel of a particular kind.
HSN Codes for Ships, boats and floating structures
GOODS DESCRIPTION
HSN CODE
Cruise ships, excursion boats, ferry-boats, cargo ships, barges and similar vessels for the transport of persons or goods
8901
Fishing vessels; factory ships and other vessels for processing or preserving fishery products
8902
Yachts and other vessels for pleasure or sports; rowing boats and canoes
8903
Tugs and pusher craft
8904
Light-vessels, fire-floats, dredgers, floating cranes and other vessels the navigability of which is subsidiary to their main function; floating docks; floating or submersible drilling or production platforms
8905
Other vessels, including warships and lifeboats other than rowing boats
8906
Other floating structures (for example, rafts, tanks, coffer-dams, landing-stages, buoys, and beacons)
8907
Vessels and other floating structures for breaking up
8908
GST Rates for Ships, boats and floating structures
GOODS DESCRIPTION
HSN CODE
GST TAX RATE
Cruise ships, excursion boats, ferry-boats, cargo ships, barges and similar vessels for the transport of persons or goods
8901
5%
Fishing vessels; factory ships and other vessels for processing or preserving fishery products
8902
5%
Yachts and other vessels for pleasure or sports; rowing boats and canoes
8903
28%
Tugs and pusher craft
8904
5%
Light-vessels, fire-floats, dredgers, floating cranes and other vessels the navigability of which is subsidiary to their main function; floating docks; floating or submersible drilling or production platforms
8905
5%
Other vessels, including warships and lifeboats other than rowing boats
8906
5%
Other floating structures (for example, rafts, tanks, coffer-dams, landing-stages, buoys, and beacons)
8907
5%
Vessels and other floating structures for breaking up
8908
18%
if you want to know more details about HSN Code for Ships, boats and floating structures then click for the source link- HSN pdf
And if you want to know rate wise list of goods just check out this link- rate wise GST rate pdf
Gstportalindia.in will not be held responsible for any loss or damage of any kind arising out of any inaccurate or incomplete information in this document. The GST Rate & HSN codes have been arranged as per the best of authors’ understanding and are subject to periodic updates as per the law for the time being in force. It does not constitute professional advice or a formal recommendation. While due care has been taken in preparing this content, the existence of mistakes and omissions herein is not ruled out.
An Accountant, GSTP, GST blogger, Website Creator, SEO Builder & Co-founder of the website https://gstportalindia.in for the help of GST Taxpayers of India. Having a perfect accounting experience of more than 10 years in a Private Ltd Company.
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