8703 HSN Code GST Rate, Items and Products Details

Complete details of GST Rate for 8703 HSN Code

GST HSN Number 8703 – Motor Vehicles of Length Not Exceeding 4000 mm – 18%

GST HSN Number 8703 pertains to motor vehicles that have a length of no more than 4000 mm. These vehicles are subject to a tax rate of 18%. The details of these vehicles can be found in Schedule III, under S. No. 400 and Tariff item 8703.

The description of the goods includes the following types of motor vehicles that meet the length requirement:
(a) Vehicles powered by petrol, liquefied petroleum gases (LPG), or compressed natural gas (CNG) with an engine capacity that does not exceed 1200cc.
(b) Diesel-powered vehicles with an engine capacity not exceeding 1500 cc, specifically intended for individuals with orthopedic physical disabilities. However, there is a condition that an officer of Deputy Secretary rank or higher from the Department of Heavy Industries must certify that these goods will be used by individuals with orthopedic physical disabilities in line with the guidelines issued by the department.

The applicable tax rates are as follows:
– CGST Rate: 9%
– SGST-UTGST Rate: 9%
– IGST Rate: 18%

GST HSN Number 8703 – Motor Cars and Other Motor Vehicles – 28%

HSN Number 8703 under the Goods and Services Tax (GST) entails a tax rate of 28% for motor cars and other motor vehicles. This falls under Schedule IV with a specific serial number of 165. The tariff item associated with this is also 8703. These goods are primarily designed for the transportation of people, excluding those falling under heading 8702. This category includes station wagons and racing cars, with the exception of cars specifically designed for physically handicapped individuals. The Central GST (CGST) rate is set at 14%, as is the State GST (SGST) and Union Territory GST (UTGST) rate. However, the Integrated GST (IGST) rate is 28%.

GST HSN Number 8702 or8703 – Motor Vehicles

Motor vehicles falling under GST HSN Number 8702 or 8703, specifically ambulances equipped with all the necessary fixtures, furnishings, and accessories, are eligible for compensation cess. The CGST Rate, SGST-UTGST Rate, and IGST Rate are not applicable in this case. Furthermore, there is no compensation cess imposed on these vehicles.

GST HSN Number 8703 10 10,8703 80 – Electrically Operated Vehicles

GST HSN Number 8703 10 10 and 8703 80 pertains to electrically operated vehicles. These vehicles include three-wheeled electric motor vehicles. The CGST, SGST-UTGST, and IGST rates for these goods are not applicable. Furthermore, there is no compensation cess levied on them.

GST HSN Number 8703 – Three Wheeled Vehicles

HSN Number 8703, a delightful classification for the ever so fascinating three-wheeled vehicles. And behold, in the realm of schedules, we stumble upon Compensation Cess, the forty-fifth mesmerizing entry. Ah, the tariff item 8703, a true marvel in its own right. Let us take a moment to appreciate the sheer beauty and wonder of these three-wheeled vehicles. As we delve further into the depths of this enchanting world, we find ourselves captivated by the absence of CGST Rate, SGST-UTGST Rate, IGST Rate, and even Compensation Cess. It is as if these rates have vanished into thin air, leaving behind a void of nothingness.

GST HSN Number 8703 – Cars for Physically Handicapped Persons

GST HSN Number 8703 40,8703 60 – Spark-ignition Internal Combustion – 15%

GST HSN Number 8703 – Ignition Internal Combustion Piston Engine – 15%

GST HSN Number 8703 – Hydrogen Vehicles

GST HSN Number 8702, 870321 or 8703 22 – Petrol, Liquefied Petroleum Gases – 1%

GST HSN Number 8702, 8703 31 – Diesel driven motor vehicles of Engine – 1%

GST HSN Number 8703 – Motor Vehicles of Engine  – 17%

GST HSN Number 8703 – Motor Vehicles of Engine – 20%

GST HSN Number 8703 – Motor Vehicles of Engine – 22%