Search GST Tax for HSN/SAC
Chapter / Heading / Sub-heading / Tariff item: 8703
GST Tax Rate: 18%
Description: Cars for physically handicapped persons, subject to the following conditions: a) an officer not below the rank of Deputy Secretary to the Government of India in the Department of Heavy Industries certifies that the said goods are capable of being used by the physically handicapped persons; and b) the buyer of the car gives an affidavit that he shall not dispose of the car for a period of five years after its purchase.
Harmonized System of Nomenclature (HSN) is an internationally recognized product/items coding system which is also has been accepted in India. It contains almost 5000 commodity groups which is being identified by a six digit code. Each group is assigned in a most scientific way along with product description for uniform classification.
HSN code is designed and introduced by World Customs Organization (WCO) which is being used by more than 200 countries worldwide including India.
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