A Comprehensive Guide to File GSTR-9
20 Jan, 2025
By Online Legal India
Published On 20 Jan 2025
Category GST
Chapter 98 of the Harmonized System of Nomenclature (HSN) focuses on passenger baggage, a crucial aspect of customs and taxation laws for travelers and businesses. Goods categorized under passenger baggage are subject to specific GST rates and exemptions, ensuring that travelers can bring personal items without facing excessive tax burdens.
For businesses involved in the transportation or customs clearance of passenger baggage, understanding the correct HSN codes and GST rates is essential to comply with India's tax regulations. Whether you're a frequent traveler, customs officer, or logistics provider, staying informed about these codes helps facilitate smoother customs procedures and ensures that all regulations are followed.
In this blog, we will explore the HSN codes and GST rates for passenger baggage under Chapter 98, offering you a better understanding of the applicable rules. We will also discuss the importance of GST registration for businesses involved in handling passenger baggage, ensuring compliance and offering benefits like input tax credits.
| Rates (%) | Products Description | HSN Codes | Export and Import HSN Codes |
|---|---|---|---|
| 18% | All items of machinery including prime movers, instruments, apparatus and appliances, control gear and transmission equipment, auxiliary equipment (including those required for research and development purposes, testing and quality control), as well as all components (whether finished or not) or raw materials for the manufacture of the aforesaid items and their components, required for the initial setting up of a unit, or the substantial expansion of an existing unit, of a specified: (1) industrial plant, (2) irrigation project, (3) power project, (4) mining project, (5) project for the exploration for oil or other minerals, and (6) such other projects as the Central Government may, having regard to the economic development of the country notify in the Official Gazette in this behalf; and spare parts, other raw materials (including semi-finished materials of consumable stores) not exceeding 10% of the value of the goods specified above, provided that such spare parts, raw materials or consumable stores are essential for the maintenance of the plant or project mentioned in (1) to (6) above. | 9801 | 98010011, 98010012, 98010013, 98010014, 98010015, 98010019, 98010020, 98010030 |
| 18% | Laboratory chemicals | 9802 | 98020000 |
| NIL | Passenger baggage | 9803 | 98030000 |
| 5% | Drugs or medicines including their salts and esters and diagnostic test kits specified at S.No.180 above and Formulations specified at S.No.181 above, intended for personal use. | 9804 | 98041000, 98049000 |
| 12% | Other Drugs and medicines intended for personal use | 9804 | 98041000, 98049000 |
| 28% | All dutiable articles intended for personal use | 9804 | – |
Disclaimer: The GST rates, HSN codes, and related information provided in this document are based on the author’s interpretation and are subject to periodic revisions in accordance with prevailing laws. This content is intended for informational purposes only and should not be considered professional advice or a formal recommendation. While every effort has been made to ensure accuracy, inadvertent errors or omissions may occur. Online Legal India shall not be liable for any loss or damage arising from reliance on the information presented herein.
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