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 ...
Replied 10 February 2021 GST RATE ON SAC CODE - 998818 IS 18% Services Accounting Codes (SAC Codes) 998818 is used for the Beverage manufacturing services under the Goods and Service Tax classification. Therefore, the HSN code for job work will be a Service Accounting Code(SAC). Here are...
A1: HSN code 7214 pertains to iron or steel products, specifically sections, profiles, and bars made of iron or non-alloy steel, whether hot-rolled, hot-drawn, or extruded. Q2: What is the GST rate applicable to HSN code 7214? A2: As of my knowledge cutoff in September 2021, the app...
Hsn code is mandatory in GSTR 1 or not GSTR1 HSN CODE GST RATE AND HSN/SAC CODE TrendingOnline Classes Certification Course on Chat GPT and AI Tools for Professionals CA Deepak Gupta Enroll Now 25 December 2024 TDS and TCS Provisions - Critical Issues ...
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.
A side panel will appear with the most common taxes that are applicable in the country that you are based in - in this case, India. Scroll down and click on the appropriate tax to select it. Now that you've successfully added your HSN/SAC code and the appropriate GST tax rate to the...
HSN stands for Harmonised System of Nomenclature and is used for various international product nomenclature developed by the World Customs Organization (WCO). Read Also:GST Rate on Sale of Scrap Materials with HSN Code “Provided that a registered person having aggregate turnover up to five crores...
1. GST Registration Every business under GST will need to declare the goods and services type that they are dealing with. Thus, it is essential to mention the correct HSN/SAC code at the time of registration. 2. GST Rate For goods and services, if the taxpayer is aware of HSN/SAC code...
Since from 1st April 2021 it is important for the GST assessee who posses the turnover exceeds 5 cr in the before fiscal year, to file 6 digits HSN Code (Harmonised System of Nomenclature Code), or as the case may be, SAC (Service Accounting Code) upon t
Deepa.BWhen Selling a Fabricated Body to Customer, it's HSN Code 8707 and GST Rate 28%,right? Deepa B (Practicing Chartered Accountant ) (573 Points) Replied 09 July 2021 Yes. If it's sale of Fabricated body the HSN code 8707 and rate 28% is correct 1 Like subhagan sreerangam...