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February 25, 2023
By
Prerna

OTHER TRACTORS - GST RATES & HSN CODE 8701

India's Goods and Services Tax (GST) system is structured to classify goods and services into different tax rates based on the Harmonized System of Nomenclature (HSN) codes. HSN codes are a classification system used by businesses to categorize their products for the purpose of taxation.

This article will focus on the GST rates and HSN code for Other Tractors in India. Other Tractors are classified under HSN code 8701 and are used for agricultural or forestry purposes. The GST rates for Other Tractors vary depending on the type of tractor and its engine capacity.

GST Rates for Other Tractors

The following table outlines the GST rates for Other Tractors:

Tractor TypeEngine CapacityGST RateOther TractorsUp to 18 HP12%Other TractorsMore than 18 HP18%

HSN Code for Other Tractors

As mentioned earlier, Other Tractors are classified under HSN code 8701. This code is used to identify the product for the purpose of taxation. If you are a business that deals with Other Tractors, you must ensure that the correct HSN code is used on your invoices, as it will affect the GST rate that is applicable to your product.

Conclusion

Understanding the GST rates and HSN code for Other Tractors is important for businesses that deal with these products. By ensuring that the correct HSN code is used on your invoices, you can avoid any issues with the tax authorities and ensure that you are paying the correct amount of GST.

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