What products are classified under HSN 89071000 ?
It includes Spectacle Lenses Of Glass | Other
HSN Code 89071000 represents Inflatable rafts under GST classification. This code helps businesses identify Inflatable rafts correctly for billing, taxation, and trade. With HSN Code 89071000, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Inflatable rafts.
HSN Code 89071000 relates to the following description:
Inflatable rafts does not include products with the following descriptions:
| HSN Code | Description |
|---|---|
| Other |
Other
It includes Spectacle Lenses Of Glass | Other
Use the exact HSN and describe the form/grade. For multi‑line invoices, apply the rate per line to avoid wrong tax collection.
Use separate invoice lines per HSN and apply the correct rate per line (e.g., Varies for Inflatable rafts; Nil for exempt items if applicable).
Under HSN 89071000, Inflatable rafts attracts Varies when sold in taxable form. Describe the exact form on the invoice.
If your outward supply is taxable, eligible ITC is available subject to general restrictions. For exempt/Nil supplies, reverse credit per Rule 42.
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.
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.
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.