As per the latest GST regulations, Floating Structures fall under the tax category of 18% GST. The HSN code for Floating Structures is 8908.
Floating structures are structures that are designed to float on water. These structures are usually made of steel, concrete or plastic and they can be used for a variety of purposes. Some common uses of floating structures include pontoons, docks, marinas, breakwaters, and even entire homes or hotels.
The GST rates for Floating Structures fall under the category of 18%. This means that if you are a business owner or a startup founder who needs to purchase Floating Structures for your business, you will have to pay 18% GST on top of the cost of the structure.
The HSN code for Floating Structures is 8908. This code is used to classify Floating Structures under the GST tax system. The HSN code is used to identify the type of product being sold and to determine the appropriate tax rate that needs to be applied.
As a business owner or a startup founder, knowing the GST rates and HSN code for Floating Structures is important for several reasons. Firstly, it helps you to calculate the cost of the structure accurately. Secondly, it helps you to determine the appropriate tax rate that needs to be applied. Thirdly, it helps you to avoid any legal issues that may arise due to incorrect classification of the product.
In conclusion, Floating Structures fall under the tax category of 18% GST and the HSN code for Floating Structures is 8908. As a business owner or a startup founder, it is important to know the GST rates and HSN code for Floating Structures in order to accurately calculate the cost of the structure, determine the appropriate tax rate that needs to be applied, and avoid any legal issues that may arise due to incorrect classification of the product.
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