Balloon HSN Code

Understanding the correct HSN (Harmonized System of Nomenclature) code for “Balloon” is crucial for businesses in India to ensure proper GST (Goods and Services Tax) compliance. The term “Balloon” can refer to vastly different products, from children’s toys to large aerial vehicles. The HSN code system globally classifies products for uniform taxation and trade. Our provided data clearly distinguishes between these meanings, placing large aerial balloons under Chapter 88: Aircraft, spacecraft, and parts thereof and smaller toy balloons under Chapter 95: Toys, games and sports requisites; parts and accessories thereof or Chapter 40: Rubber and articles thereof.

Balloon HSN Codes and GST

The HSN code system is an essential tool in India’s GST framework. When we discuss “Balloons,” it’s critical to understand the context, as the classification and applicable GST rate vary significantly based on the balloon’s nature and use.

Let’s break down the various classifications for “Balloons”:

Aerial Balloons (Chapter 88)

This category refers to balloons designed for aerial navigation, such as hot air balloons or weather balloons. These are considered a type of non-powered aircraft.

• HSN Code 8801: This broad heading encompasses “Balloons And Dirigibles; Gliders, Hang Gliders And Other Non-Powered Aircraft.”
  • HSN Code 88010020: Specifically designates “Balloons And Dirigibles; Gliders, Hang Gliders And Other Non-Powered Aircraft – Balloons.” This is the most direct classification for large aerial balloons.
  • HSN Code 88019010: This also covers “Balloons And Dirigibles; Gliders, Hang Gliders And Other Non-Powered Aircraft – Other: Balloons.” This is a sub-category under “Other” non-powered aircraft that includes balloons.
  All these categories for aerial balloons typically attract an 18% GST rate, effective from July 1, 2017.

Toy Balloons (Chapter 95 or Chapter 40)

This category is for the common, smaller balloons used for decoration, play, or parties. Their classification depends on the material.

• HSN Code 9503: This heading covers “Toys, games and sports requisites; parts and accessories thereof.”
  • HSN Code 9503 (specific sub-heading not given in data but implied by description): For “Toy Balloons Made Of Natural Rubber Latex.” The data indicates this falls under 9503.
  Toy balloons made of natural rubber latex under HSN 9503 attract a 5% GST rate, effective from November 15, 2017.
• HSN Code 4016: This heading covers “Rubber and articles thereof.”
  • HSN Code 4016 (specific sub-heading not given in data but implied by description): For “Toy Balloons Made Of Natural Rubber Latex.” The data also lists this under 4016.
  It’s worth noting the overlap between 9503 and 4016 for “Toy Balloons Made Of Natural Rubber Latex.” In practice, toy balloons are often classified under 9503 as “toys.” Regardless of the chapter, these have a 5% GST rate, effective from July 1, 2017 (for 4016). The specific listing under 9503 with a later effective date for the 5% rate might suggest a clarification for toy balloons specifically.

Ensure Your Balloon HSN Code

Accurately classifying your “Balloon” products under the correct HSN code is paramount for maintaining GST compliance in India. Given the broadness of the term “Balloon,” it is crucial to determine whether you are dealing with an aerial vehicle or a recreational toy. Misclassification can lead to incorrect tax collection, potential penalties, and operational challenges. Always refer to the latest notifications from the GST Council and the CBIC, or consult with a tax professional, to ensure your business adheres to the most current regulations for your specific balloon products.