What products are classified under HSN 8427
It includes Vehicle Chassis
HSN Sub Chapter 8427 represents Vehicle Chassis under GST classification. This code helps businesses identify Vehicle Chassis correctly for billing, taxation, and trade. With HSN Sub Chapter 8427, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Vehicle Chassis.
GST Rate for Vehicle Chassis under HSN Code 8427. Understand Current Tax Rates, Exemptions, and Legal Classifications to Ensure Accurate Billing and GST Filing.
| Chapter No | HSN Code | HSN Description | New GST Rate | Old GST Rate |
|---|---|---|---|---|
| 84 | 8427 | Fork-lift trucks; other works trucks fitted with lifting or handling equipment | 12% | 12% |
Chapter: 84
Description: Fork-lift trucks; other works trucks fitted with lifting or handling equipment
Following Tariff HSN code falls under Vehicle Chassis:
| Tariff HSN | Description |
|---|---|
| Self-propelled trucks powered by an electric motor | |
| Self-propelled trucks powered by an electric motor | |
| Other self-propelled trucks | |
| Other self-propelled trucks | |
| Other trucks | |
| Other trucks |
Self-propelled trucks powered by an electric motor
Self-propelled trucks powered by an electric motor
Other self-propelled trucks
Other self-propelled trucks
Other trucks
Other trucks
| Order Number | Description |
|---|---|
| Aakash Engineers (AAR (Authority For Advance Ruling), Daman Diu And Dnh) |
Aakash Engineers (AAR (Authority For Advance Ruling), Daman Diu And Dnh)
It includes Vehicle Chassis
Generate an e‑way bill when the consignment value exceeds ₹50,000, unless exempted for the transaction. E‑invoicing depends on turnover (AATO threshold as notified) for B2B supplies, not on the item itself.
Reverse charge in goods is notified only for specific categories. Most regular B2B sales of Vehicle Chassis are forward charge. Check the current notifications for any special cases before deciding.
The composition scheme is optional for eligible small suppliers of goods. You cannot issue tax invoices or collect tax under composition. Check turnover limits and exclusions; evaluate margins and ITC loss before opting in.
Prefer separate lines per item with its HSN so each component follows its own tax treatment. If it is a naturally bundled supply, identify the principal supply and tax the whole bundle accordingly.
Ensure registration requirements are met and reconcile the operator’s TCS statements with your GSTR‑2B/3B. Map SKU descriptions to HSN to reduce mismatches and returns.
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.