But the GST HSN is a much more detailed classification that adds another two digits to the 6-digit structure. For certain categories of person in GST, there is even an requirement to mention HSN code with GST rate in the tax invoices prepared by them. ...
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
“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 c...
For instance, construction services of buildings fall under SAC code 9954, with subcategories like residential, industrial, and commercial buildings classified further under group 99541. The applicable GST rate for such services is 18%, ensuring clear identification of the service type and accurate ta...
Determining duty and tax rates: HSN codes form the basis for deciding import duties and taxes. Using the correct HSN code for importing and exporting goods ensures accurate assessment and helps businesses avoid penalties. This is crucial for understanding the classification of tariff ...
For instance, construction services of buildings fall under SAC code 9954, with subcategories like residential, industrial, and commercial buildings classified further under group 99541. The applicable GST rate for such services is 18%, ensuring clear identification of the service type and accurate ta...
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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.
Q4: How does the GST rate for HSN code 7214 impact businesses? A4: The GST rate for HSN code 7214 affects businesses by determining the tax liability on their steel products. It influences pricing strategies, cost calculations, and compliance requirements. Additionally, businesses may be eligible...