What is HSN code 8903?

HSN code 8903 covers Yachts and other pleasure or sports boats. It falls under the Ships category and attracts GST at 40%.

What is the GST rate for HSN code 8903?

The GST rate for HSN code 8903 (Yachts and other pleasure or sports boats) is 40%. For intra-state supply: CGST 20% + SGST 20%. For inter-state supply: IGST 40%.

HSN Code 8903

Yachts and other pleasure or sports boats

HSN Code8903

DescriptionYachts and other pleasure or sports boats

CategoryShips

GST Rate40%

CGST + SGST (Intra-state)20% + 20%

IGST (Inter-state)40%

Example Calculation

On a taxable value of ₹10,000.00: GST = ₹4,000.00, Total = ₹14,000.00

Calculate GST at 40%Search More HSN Codes

Related HSN Codes in Ships

HSN Code	Description	GST Rate
8426	Ships' derricks, cranes, mobile lifting frames	18%
8901	Cruise ships, cargo vessels, barges	5%
8902	Fishing vessels, factory ships	5%
8904	Tugs and pusher craft	5%
8905	Light-vessels, dredgers, floating docks/cranes	5%
8907	Floating structures (rafts, pontoons, buoys)	18%

About HSN Code 8903

HSN code 8903 is used to classify yachts and other pleasure or sports boats under the Goods and Services Tax (GST) system in India. This code falls under the Ships category and attracts a GST rate of 40%.

HSN (Harmonized System of Nomenclature) is an internationally standardized system of names and numbers to classify traded products. Under GST, businesses with turnover above ₹5 crore must report 6-digit HSN codes on invoices, while those between ₹1.5 crore and ₹5 crore must report 4-digit codes.