What products are classified under HSN 8908
It includes Vessels for breaking up
HSN Sub Chapter 8908 represents Vessels for breaking up under GST classification. This code helps businesses identify Vessels for breaking up correctly for billing, taxation, and trade. With HSN Sub Chapter 8908, companies can avoid errors in invoices, simplify compliance, and enable hassle-free import/export of Vessels for breaking up.
GST Rate for Vessels for breaking up under HSN Code 8908. 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 |
|---|---|---|---|---|
| 89 | 8908 | Vessels and other floating structures for breaking up | 5% | 5% |
Chapter: 89
Description: Vessels and other floating structures for breaking up
Following Tariff HSN code falls under Vessels for breaking up:
| Tariff HSN | Description |
|---|---|
| Vessels and other floating structures for breaking up |
Vessels and other floating structures for breaking up
It includes Vessels for breaking up
If your outward supply of Vessels for breaking up is taxable, ITC is generally available (Sections 16–17) except blocked credits (e.g., personal use, motor vehicles in most cases). For exempt supplies, proportionate reversal is required under Rule 42/43.
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 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.
Some entries use MRP/weight‑based conditions for classification. Keep pack size, retail marking and brand status on records and invoice to support the chosen HSN.
Not always. Spares are often classified by their own description or by the function/part rule. Check if a specific sub‑heading exists for parts of the main item and describe the part on the invoice.
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.