GST Rates and HSN Code for Parts of Vehicles of Headings 8711 to 8713

If you are a small or medium business owner, or a startup founder in India, you may be wondering about the GST rates and HSN code for parts of vehicles of headings 8711 to 8713. In this article, we will explore these topics in detail.

What are Parts of Vehicles of Headings 8711 to 8713?

Parts of vehicles of headings 8711 to 8713 are classified under Chapter 87 of the Harmonized System of Nomenclature (HSN), which is used to classify goods in international trade.

These headings cover various types of motor vehicles, including:

1. Motorcycles and mopeds (heading 8711)

2. Motor vehicles for the transport of goods (heading 8716)

3. Motor vehicles for the transport of persons (heading 8716)

The parts of these vehicles that are covered by heading 8714 include:

1. Bumpers and parts thereof

2. Brakes and servo-brakes and parts thereof

3. Wheels and parts thereof

4. Suspension systems and parts thereof

5. Steering wheels, columns and boxes and parts thereof

6. Exhaust pipes and silencers and parts thereof

7. Other parts and accessories of motor vehicles

GST Rates for Parts of Vehicles of Headings 8711 to 8713

Goods and Services Tax (GST) is a tax on the supply of goods and services in India. It replaced multiple indirect taxes, such as excise duty, service tax, and value-added tax (VAT).

The GST rates for parts of vehicles of headings 8711 to 8713 are as follows:

HSN CodeDescriptionGST Rate8714Parts and accessories of motor vehicles28%

This means that if you are a business owner or a startup founder dealing with parts of vehicles of headings 8711 to 8713, you will need to charge your customers a GST rate of 28% on the supply of these goods.

HSN Code for Parts of Vehicles of Headings 8711 to 8713

The HSN code for parts of vehicles of headings 8711 to 8713 is 8714. This code is used to classify these goods for the purposes of GST.

When you sell or purchase parts of vehicles of headings 8711 to 8713, you will need to mention the HSN code 8714 on your GST returns and invoices.

Conclusion

In conclusion, if you are a small or medium business owner, or a startup founder dealing with parts of vehicles of headings 8711 to 8713, you will need to charge your customers a GST rate of 28% on the supply of these goods. Furthermore, you will need to mention the HSN code 8714 on your GST returns and invoices. By following these guidelines, you can ensure compliance with the GST regulations in India.