Non-powered aircraft are considered to be an important mode of travel in the aviation industry. They are different from powered aircraft such as planes and helicopters, as they do not have engines and rely on natural air currents to fly.
Non-powered aircraft are classified under the Harmonized System of Nomenclature (HSN) code 8801. As per the Goods and Services Tax (GST) Act, non-powered aircraft are exempt from GST.
This exemption applies to all non-powered aircraft, whether they are used for commercial, personal or recreational purposes. This means that no GST is payable on the sale or purchase of non-powered aircraft in India.
The HSN code for non-powered aircraft is 8801. This code is used to classify all non-powered aircraft, including gliders, balloons, and kites.
The HSN code for non-powered aircraft is important for importers and exporters of these aircraft. It is used to identify the product and determine the applicable customs duty rate.
Non-powered aircraft are an important mode of travel in the aviation industry, and are used for a variety of purposes including commercial, personal, and recreational. The GST Act exempts non-powered aircraft from GST, and the HSN code for non-powered aircraft is 8801.
How to File GSTR-4 Online: A Step-by-Step Guide
Lease of Land and Issues in GST
Taxation of Liquor and related products