Description of Goods for HSN 87060041

HSN Code 87060041 relates to the following description:

Chapter Number
Chapter Name
Sub Chapter Number
Sub Chapter Name
Description of Goods
CGST
(%)
SGST
(%)
IGST
(%)
CESS
(%)
Chapter Number
87
Chapter Name
Vehicles other than railway or tramway rolling-stock, and parts and accessories thereof
Sub Chapter Number
8706
Sub Chapter Name
Chassis fitted with engines, for the motor vehicles of headings 8701 to 8705
Description of Goods
Chassis fitted with engines, for the motor vehicles of headings 8701 to 8705: For the motor vehicles of heading 8704: For three-wheeled motor vehicle
CGST (%)
14
SGST (%)
14
IGST (%)
28
CESS (%)
Nil( if All old and used motor vehicles. Explanation : Nothing contained in this entry shall apply if the supplier of such goods has availed input tax credit as defined in clause (63) of section 2 of the Central Goods and Services Tax Act, 2017, CENVAT credit as defined in CENVAT Credit Rules, 2004, or the input tax credit of Value Added Tax or any other taxes paid on such vehicles / Nil (if Fuel Cell Motor Vehicles)

What does HSN Code 87060041 not include?

HSN Code 87060041 does not include products with the following descriptions:

HSN Code
Description
HSN Code
87060011
Description
Chassis fitted with engines, for the motor vehicles of headings 8701 to 8705: For the tractors of heading 8701 : Of engine capacity not exceeding 1,800 cc
HSN Code
87060019
Description
Chassis fitted with engines, for the motor vehicles of headings 8701 to 8705: For the tractors of heading 8701 : Other
HSN Code
87060021
Description
Chassis fitted with engines, for the motor vehicles of headings 8701 to 8705: For the vehicles of heading 8702: For transport of not more than thirteen persons, including the driver
HSN Code
87060029
Description
Chassis fitted with engines, for the motor vehicles of headings 8701 to 8705: For the vehicles of heading 8702: Other
HSN Code
87060031
Description
Chassis fitted with engines, for the motor vehicles of headings 8701 to 8705: For the motor vehicles of heading 8703: For three-wheeled vehicles
HSN Code
87060039
Description
Chassis fitted with engines, for the motor vehicles of headings 8701 to 8705: For the motor vehicles of heading 8703: Other
HSN Code
87060042
Description
Chassis fitted with engines, for the motor vehicles of headings 8701 to 8705: For the motor vehicles of heading 8704: For vehicles, other than petrol driven
HSN Code
87060043
Description
Chassis fitted with engines, for the motor vehicles of headings 8701 to 8705: For the motor vehicles of heading 8704: For dumpers covered in the heading 8704
HSN Code
87060049
Description
Chassis fitted with engines, for the motor vehicles of headings 8701 to 8705: For the motor vehicles of heading 8704: Other
HSN Code
87060050
Description
Chassis fitted with engines, for the motor vehicles of headings 8701 to 8705: For the motor vehicles of heading 8705

Important Disclaimer

The entire content on this page has been arranged to the best of the author’s understanding and is subject to periodic updates as per the law for the time being in force. The above 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 cannot be ruled out. Busy Infotech Private Ltd. and its associates will not be held responsible for any loss or damage arising from any inaccurate or incomplete information in this document. We recommend consulting a professional tax consultant before acting on the information contained in this piece of content.

BUSY is a simple, yet powerful GST / VAT compliant Business Accounting Software that has everything you need to grow your business.

phone Sales & Support:

+91 82 82 82 82 82
+91 11 - 4096 4096