| HSN | Description | CGST Rate(%) | SGST/UTGST Rate(%) | IGST RATE(%) |
|---|---|---|---|---|
| 8601 | Rail locomotives powered from an external source of electricity or by electric accumulators | 2.5 | 2.5 | 5 |
| 8602 | Other rail locomotives; locomotive tenders; such as Diesel-electric locomotives, Steam locomotives and tenders thereof | 2.5 | 2.5 | 5 |
| 8603 | Self-propelled railway or tramway coaches, vans and trucks, other than those of heading 8604 | 2.5 | 2.5 | 5 |
| 8604 | Railway or tramway maintenance or service vehicles, whether or not self-propelled (for example, workshops, cranes, ballast tampers, trackliners, testing coaches and track inspection vehicles) | 2.5 | 2.5 | 5 |
| 8605 | Railway or tramway passenger coaches, not self-propelled; luggage vans, post office coaches and other special purpose railway or tramway coaches, not self-propelled (excluding those of heading 8604) | 2.5 | 2.5 | 5 |
| 8606 | Railway or tramway goods vans and wagons, not self-propelled | 2.5 | 2.5 | 5 |
| 8607 | Parts of railway or tramway locomotives or rolling-stock; such as Bogies, bissel-bogies, axles and wheels, and parts thereof | 2.5 | 2.5 | 5 |
| 8608 | Railway or tramway track fixtures and fittings; mechanical (including electro-mechanical) signalling, safety or traffic control equipment for railways, tramways, roads, inland waterways, parking facilities, port installations or airfields; parts of the foregoing | 2.5 | 2.5 | 5 |
| 8609 | Containers (including containers for the transport of fluids) specially designed and equipped for carriage by one or more modes of transport [including refrigerated containers] | 9 | 9 | 18 |
GST Rates:
The GST stands for Goods and Services Tax. This is an Indirect Tax that is introduced by the GST Council and the Government of India. This tax was implemented on 1st of July 2017. This is a Value-Added Tax that is levied on the goods and the services that we consume in our day to day life. The GST that is collected acts as the revenue for the Government which it uses for improving the socio-economic state of the country. Implementing the GST will help to build a transparent and corruption free tax administration.
The GST Rates are broadly classified into rate tax slabs: 0%, 5%, 12%, 18% and 28%.
The GST Rates that attracts the Railway Locomotives and Parts are: 5% and 18%.
HSN Codes:
The HSN stands for “Harmonized System Nomenclature”. The HSN Codes are developed by the World Class Organization (WCO). The HSN Codes are the six-digit unique codes that are used to classify and sort the products and the commodities in a systematic and logical way.
Understanding the HSN Codes in Details:
The HSN Codes are the six digit unique codes that are used to classify the products and the commodities in a systematic and logical way. It contains 21 Sections, 99 Chapters and 1244 Headings and 5224 Sub-Headings. Each section is divided into Chapters and each chapter is divided into headings and each headings are further divided into sub-headings. The Sections and the Chapters describes the broader category of the products and the Headings and the sub-headings explains the products in details.
The HSN Codes in India has an additional two more digits for a deeper and a sorted classification:
10 for the Human-made Fibre and
00 for the natural material or fiber
The HSN Codes fall under the Chapter 86 of Railway Locomotives and Parts.