Self-Propelled Railway Coaches - GST Rates & HSN Code 8603

If you are planning to purchase self-propelled railway coaches, it’s important to know the GST rates and HSN code for this product. Self-propelled railway coaches are a popular mode of transportation in India and are used for long distance travel. In this article, we will discuss the GST rates and HSN code for self-propelled railway coaches.

GST Rates for Self-Propelled Railway Coaches

The GST rates for self-propelled railway coaches is 5%. This rate is applicable to both passenger and freight coaches. The 5% GST rate is charged on the total value of the coach including its accessories and components. This rate is applicable for all purchases made after the implementation of the GST in India.

HSN Code for Self-Propelled Railway Coaches

The HSN code for self-propelled railway coaches is 8603. This is the code for railway or tramway coaches, including self-propelled coaches, carriages and other rolling stock. The HSN code 8603 is applicable to both passenger and freight coaches. It’s important to note that the HSN code is different for different products, and it’s important to use the correct code when filing GST returns.

Conclusion

Knowing the GST rates and HSN code for self-propelled railway coaches is important if you are planning to purchase or sell this product. The 5% GST rate and HSN code 8603 are applicable to both passenger and freight coaches. Make sure you use the correct HSN code when filing your GST returns to avoid any penalties.