Official Classification

Under the Harmonized System of Nomenclature (HSN), the code 8908 specifically identifies vessels and other floating structures for breaking up for the purpose of taxation and trade in Bharat. This ensures uniform classification across all Indian states and Union Territories.

Intra-State Split

CGST 9% + SGST 9%

Inter-State Split

IGST 18%

Compliance Check-list

✓Mention HSN 8908 on all Tax Invoices for vessels and other floating structures for breaking up
✓Include in HSN-wise summary of GSTR-1 filings
✓Mandatory for E-way bill generation for goods above threshold
✓Ensure Input Tax Credit (ITC) matches this classification

✨ AI Compliance Insight

Expert Advice for 8908

"Classifying vessels and other floating structures for breaking up correctly is critical to avoid litigation. While the base rate is 18%, always check for anti-dumping duties if importing, especially under the Ships category. AasanKhata automatically monitors these shifts for you."