Chapter 88 – HSN Code & GST Rate for Aircraft, Spacecraft, and Parts
Chapter 88 of the Harmonized System of Nomenclature (HSN) covers aircraft, spacecraft, and their components. This category includes airplanes, helicopters, spacecraft, satellites, and various parts used in their construction and maintenance. Understanding the applicable HSN codes and GST rates is crucial for businesses involved in the aviation and aerospace sectors in India. Below are the HSN codes and GST rates for key items in this category:
Products Description | HSN Codes | GST Rate (%) |
---|---|---|
Aircraft and spacecraft | 8802 | 5 |
Parts of aircraft and spacecraft | 8803 | 18 |
Other parts and accessories | 8804 | 28 |
Chapter 88 encompasses a wide range of products related to aviation and space technology. Proper classification under the correct HSN codes is essential for accurate taxation and compliance with GST regulations in India.