Dear Sir, We are manufacturing Polyurethane moulded components for industrial uses. Please let us know its HSN code and Tax rate. We are also repairing Polyurethane wheels.ie Removing old & wornout Polyurethane and coating with new polyurethane. Let us know its SAC Code and Tax rate. Regard...
All goods and services exchanged in India are categorised as part of the SAC code system or the HSN code system under GST. Goods are categorised using the HSN Code, while services are categorised using the SAC Code. GST rates have been set in five classes called slabs which are ...
The GST Rate chart for Goods can be accessedhere. GST Rate Schedule for Services Under GST, there 5 specified rates for services, each of which have been classified in the GST Rates Booklet for Services. They are as follows: Nil Rated ...
Go toGeneral ledger>Chart of Accounts>Accounts>Main accounts. Create a record. In theMain accountfield, enter a value. In theNamefield, enter a value. On theGeneralFastTab, in theMain account typefield, select a value. On theSetupFastTab, in thePosting typefield, selectGST....
Creating HSN or SAC Codes for India GST Creating India GST Tax Rate Rules Setting Up Default Unique Quantity Code (UQC) for Items Assigning Default India HSN and SAC Codes for Items and Accounts Applying India GST on Purchase Transactions Applying India GST on Sales Transactions India GST Tax ...
HSN code of goods or Accounting Code of services A detailed description of goods and services Price of the good or the services Quantity in case of goods and unit in case of services The total value of goods or supply of services The taxable value of supply of goods and services GST tax...
Create main accounts for the GST posting type. Create a tax settlement period. Attach the GSTIN to a tax registration group. Follow these steps to create main accounts for the GST posting type. Go toGeneral ledger>Chart of Accounts>Accounts>Main accounts. ...
The goal ofHSN codesis to make GST more effective and universally accepted. HSN codes will eliminate any need to submit a detailed product description. The following is a list of a few of the GST service accounting codes. You can find the current GST Rate for service in Chapter 99 of the...
According toGST laws, the following table displays theHSN codesand GST rates for Plastics. The data presented is as displayed on theGST Portalof India. GST has made filing returns extremely simple and straightforward. Using the table above, you can easily look up the tax rate for the kind ...
HSN Code Tax rate Tax amount under each head -IGST/CGST/SGST/ UTGST/Cess Note –Under new GST return filing system, the supplies trade is not to be declared on a net basis. In case to furnish a credit or debit note you will have to click on the drop down list and select “Documen...