You can find the current GST Rate for service in Chapter 99 of the SAC Codes & GST Rates for Services.SAC CodeSAC Description 99 All Services 9954 Construction services 995411 Construction services of single dwelling or multi-dwelling or multi-storied residential buildings 995412 Construction ...
Understand what HSN codes are, their structure, and their significance in GST compliance. Learn how to identify and use HSN codes for your business.
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.
This GST HSN code system serves two key purposes:: Streamlined Taxation:The HSN code helps identify the specific product category, which directly determines the applicable GST rate. This simplifies tax calculation and administration for businesses.. ...
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 ...
to file goods and service taxes on plastic products.Vendorscan do that by acquiring the sale/purchaseinvoice, and by duly classifying the type of plastic item according to its respective code in the table below. The corresponding applicable rate ofGSTcan then be looked up and used for filing....
“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 ...
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 tax...
Q6: Is the GST rate for HSN code 7214 subject to change? A6: Yes, GST rates are subject to revision by the authorities from time to time. It is advisable to stay updated with the latest GST notifications or consult a tax professional to ensure compliance with the current applicable GST ...
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 some of the services fall...