As a small business owner or startup founder in India, it is important to be aware of the GST rates and HSN codes for the products you deal with. In this article, we will discuss the GST rates and HSN code for Yachts, Rowing Boats.
The GST rate for Yachts and Rowing Boats is 18%. This includes all types of Yachts and Rowing Boats, regardless of their size or value. The GST rate for Yachts and Rowing Boats remains unchanged from the previous GST regime.
The HSN code for Yachts and Rowing Boats is 8903. This HSN code includes all types of Yachts and Rowing Boats, regardless of their size, value or usage. The HSN code for Yachts and Rowing Boats remains unchanged from the previous GST regime.
It is important to note that the HSN code for Yachts and Rowing Boats is applicable only for the purpose of GST. It is used to identify the products and services being supplied and to calculate the applicable GST rate. The HSN code for Yachts and Rowing Boats may differ from the HSN code used for other purposes, such as customs or excise duty.
As a small business owner or startup founder dealing with Yachts and Rowing Boats, it is important to be aware of the applicable GST rate and HSN code. This will help you to avoid any unnecessary penalties or fines and to ensure that you are complying with the provisions of the GST Act.
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