What products are classified under HSN 88040020 ?
It includes Remote-Controlled Aircraft (≤250g)
HSN Code 88040020 represents Rotochute Parts/Acc. under GST classification. This code helps businesses identify Rotochute Parts/Acc. correctly for billing, taxation, and trade. With HSN Code 88040020, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Rotochute Parts/Acc..
HSN Code 88040020 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 | 8804 | Parachutes (including dirigible parachutes and paragliders) and rotochutes; parts thereof and accessories thereto | Parachutes (including dirigible parachutes and paragliders) and rotochutes; parts thereof and accessories thereto : Rotochutes; parts and accessories thereof | 9% | 9% | 18% | 0% |
Description of goods
Parachutes (including dirigible parachutes and paragliders) and rotochutes; parts thereof and accessories thereto : Rotochutes; parts and accessories thereof
Chapter
88 – Aircraft, spacecraft, and parts thereof
Sub Chapter
8804 – Parachutes (including dirigible parachutes and paragliders) and rotochutes; parts thereof and accessories thereto
Rotochute Parts/Acc. does not include products with the following descriptions:
| HSN Code | Description |
|---|---|
| Parachutes (including dirigible parachutes and paragliders) and rotochutes; parts thereof and accessories thereto : Parachutes (including dirigible parachutes and paragliders) and parts and accessories thereof |
Parachutes (including dirigible parachutes and paragliders) and rotochutes; parts thereof and accessories thereto : Parachutes (including dirigible parachutes and paragliders) and parts and accessories thereof
It includes Remote-Controlled Aircraft (≤250g)
If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.
Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Rotochute Parts/Acc.; Nil for exempt items if applicable).
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 88040020, Rotochute Parts/Acc. attracts Varies when sold in taxable form. Describe the exact form on the invoice.
For food/agri items, GST can be 5% when not fresh/chilled and sold as pre‑packaged & labelled; otherwise often Nil. For non‑food items, rates depend on the specific sub‑heading.
Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.
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.