Chapter 87 – HSN Code & GST Rate for Vehicles, Parts & Accesories
Chapter 87 of the Harmonized System of Nomenclature (HSN) covers a wide range of vehicles, including motor vehicles, trailers, bicycles, and their parts and accessories. Understanding the applicable HSN codes and GST rates is crucial for businesses operating in the automotive sector in India. Below are the HSN codes and GST rates for key items in this category:
Products Description | HSN Codes | GST Rate (%) |
---|---|---|
Motor vehicles for transport of persons | 8702 | 28 |
Motor vehicles for transport of goods | 8704 | 28 |
Motorcycles (including mopeds) and cycles | 8711 | 28 |
Parts and accessories for vehicles | 8708, 8710, 8714 | 28 |
Chapter 87 encompasses various types of vehicles and related parts and accessories. Accurate classification under the correct HSN codes is essential for proper taxation and compliance with GST regulations in India.