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HSN Code & GST Rate for Aircraft, Satellites, Parachutes - Chapter 88

Online Legal India LogoBy Online Legal India Published On 18 Jan 2025 Category GST

The Goods and Services Tax (GST) has streamlined India's taxation system by categorizing goods and services under specific HSN (Harmonized System of Nomenclature) codes. Chapter 88 of the HSN classification deals with aircraft, spacecraft, satellites, and related components such as parachutes and gliders. These items, pivotal to aviation, space exploration, and defense, are subjected to distinct GST rates based on their category and use.

In this article, we delve into the HSN codes and GST rates applicable to goods under Chapter 88, providing clarity on how these rates impact the industries that rely on them. Whether you are a manufacturer, supplier, or importer/exporter of these goods, understanding these details is essential for seamless compliance with GST regulations.

Rates (%) Products Description HSN Codes Export and Import HSN Codes
18% Balloons and dirigibles, gliders and other non-powered aircraft 8801 88010010, 88010020, 88010090
5% Other aircraft (for example, helicopters, aeroplanes), other than those for personal use. 8802 88021100, 88021200, 88022000, 88023000, 88024000
28% Aircrafts for personal use 8802 88021100, 88021200, 88022000, 88023000, 88024000
NIL Parts of goods of heading 8801 8803 88031000, 88032000, 88033000, 88039000
5% Parts of goods of heading 8802 8803 88031000, 88032000, 88033000, 88039000
18% Parachutes (including dirigible parachutes and paragliders) and rotochutes; parts thereof and accessories thereto and parts thereof 8804 88040010, 88040020
18% Aircraft launching gear, deck arrestor or similar gear; ground flying trainers and parts thereof 8805 88051010, 88051020, 88051030, 88052100, 88052900
NIL Spacecraft (including satellites) and suborbital and spacecraft launch vehicles 88026000
Nil Other aircraft (for example, helicopters, aeroplanes), for personal use.(Compensation Cess 3%) 8802

 

Disclaimer : The GST rates and HSN codes provided are based on the author's understanding and are subject to periodic updates according to current laws. This content does not constitute professional advice or a formal recommendation. While every effort has been made to ensure accuracy, errors or omissions may still occur. Online Legal India is not liable for any loss or damage resulting from any inaccuracies or incomplete information in this document.


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