while services are categorised using the SAC Code. GST rates have been set in five classes called slabs which are predicated on the HSN or SAC codes. These five slabs are: NIL, 5%, 12%, 18%, and 28%
An incorrect mentioning of a GST state code on the inv`oice with the GSTIN can lead to wrong charge ofCGST and SGSTinstead of IGST or vice versa with a wrong place of supply. GSTR-1 and GSTR-3B Return Reporting In filing GSTR-1 and GSTR-3B returns, the State Code categorises tra...
Under GST, all goods and services transacted in India are classified under the HSN code system or SAC Code system. Goods are classified under HSN Code and services are classified under SAC Code. Based on the HSN or SAC code, GST rates have been fixed in five slabs, namely NIL, 5%, 12...
What is the HSN SAC Code of the Worker who Builds or Fabricate the Body in Tipper or Buses and what is it s GST Tax Rate - GST
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“The HSN code (Harmonized System of Nomenclature) is provided for each product/service by GST Council to specify the rate at which GST would be applicable. The suppliers have to quote theHSN Code of the productto be supplied by them in the tender document, itself. The mentioning of the ...
Find your product's HSN Code and GST Rate using our HSN Code Finder with which you can search by product name or code, and you can also use the category list to identify your HS Code.
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Watch Video on How to Update HSN Code for Stock Items in TallyPrime Read More on GST Rates & Charges GST Rates,GST Rate Finder,GST Rate on Labour Charges,SAC Codes,GST State Codes GST GST Software,GST Calculator,GST on Freight,GST on Ecommerce,GST Impact on TCS,GST Impact on TDS,GST...
1. What is HSN Code in GST? The HSN Code (Harmonized System of Nomenclature) in GST is an 8-digit code that classifies goods. It helps identify products for applying the correct GST rate and simplifies international trade. 2. How to add the HSN code in the GST portal?