What products are classified under HSN 88010020 ?
It includes Spacecraft & Launch Vehicles: Satellites & Suborbital Vehicles
HSN Code 88010020 represents Balloons under GST classification. This code helps businesses identify Balloons correctly for billing, taxation, and trade. With HSN Code 88010020, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Balloons.
HSN Code 88010020 relates to the following description:
| Chapter Number | Chapter Name | Sub Chapter Number | Sub Chapter Name | Description of Goods | CGST (%) |
SGST (%) |
IGST (%) |
CESS (%) |
|---|---|---|---|---|---|---|---|---|
| 88 | Aircraft, spacecraft, and parts thereof | 8801 | Balloons and dirigibles, gliders, hand gliders and other non-powered aircraft | Balloons and dirigibles; gliders, hang gliders and other non-powered aircraft: Balloons | 9% | 9% | 18% | 0% |
Balloons does not include products with the following descriptions:
| HSN Code | Description |
|---|---|
| Balloons and dirigibles; gliders, hang gliders and other non-powered aircraft: Gliders and hang gliders | |
| Balloons and dirigibles; gliders, hang gliders and other non-powered aircraft: Other | |
| Balloons and dirigibles; gliders, hang gliders and other non-powered aircraft gliders and hang gliders | |
| Balloons and dirigibles; gliders, hang gliders and other non-powered aircraft - other: balloons | |
| Balloons and dirigibles; gliders, hang gliders and other non-powered aircraft - other: other |
Balloons and dirigibles; gliders, hang gliders and other non-powered aircraft: Gliders and hang gliders
Balloons and dirigibles; gliders, hang gliders and other non-powered aircraft: Other
Balloons and dirigibles; gliders, hang gliders and other non-powered aircraft gliders and hang gliders
Balloons and dirigibles; gliders, hang gliders and other non-powered aircraft - other: balloons
Balloons and dirigibles; gliders, hang gliders and other non-powered aircraft - other: other
It includes Spacecraft & Launch Vehicles: Satellites & Suborbital Vehicles
e‑Way bill is needed above ₹50,000 consignment value (subject to exemptions). e‑Invoicing is turnover‑based (presently AATO > ₹5 crore) for B2B supplies.
Under HSN 88010020, Balloons attracts Varies when sold in taxable form. Describe the exact form on the invoice.
Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Balloons; Nil for exempt items if applicable).
Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.
If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.
The above does not constitute professional advice or a formal recommendation. We recommend consulting a professional tax consultant before acting on the information contained in this piece of content.