Is GST applicable for packers and movers?
If you choose to avail the complete services of a Packers & Movers company, including packing, uploading & downloading and transportation, then you will have to pay 18% GST on the bill. Some packers & movers may offer relocation services as “Cargo movement”. In that case, the GST to be levied on services will be 5%.06-Sept-2019
The HSN CODE FOR Courier services is 996812.
What is the GST rate for SAC code 9988?
5%
GST Tax Rate: 12%
What is the HSN code for packing charges?
The current HSN Code 998540 relates to Packaging services of goods for others.
GST @ 6% CGST (12% cumulative) is subject to the condition that the goods transport agency opting to pay central tax @ 6% under this entry shall, thenceforth, be liable to pay central tax @ 6% on all the services of GTA supplied by it.
How do I find my SAC code?
GST Portal – Steps to Search HSN/SAC Tax Rates
The SAC is strictly numeric and is six digits. The first two digits are same for all services i.e. 99, the next two digits represent the major nature of service and the last two digits represent the detailed nature of service. To understand this better, let us take an example of SAC code 9954.
How do I add transport charges to GST invoice?
How To Add Transport Charges in GST Invoice TallyPrime
The HSN CODE FOR Manufacturing services on physical inputs (goods) owned by others is 9988
What HSN code is 9988?
Manufacturing Services.
SAC Code 998519 – Other employment & labour supply services.
How much is GST for packers and movers?
Packers and Movers GST Key Points: GST on Packers and Movers is 5% – if you use only transport (logistics) service. GST rates on Packers and Movers is 18% for complete packing and moving services.18-Jul-2019
The expenses incurred on packing of goods to make the goods for salable purpose or for transportation purpose or for safety of goods purpose, are booked under packing charges account. Packing charges includes the material used for packing and the labor charges paid in respect of packing of material.07-Dec-2011
Is GST applicable on packing material?
The GST council, in its 45th meeting held on September 17, 2021, has recommended an increase in the GST rate on cartons, boxes, bags, packing containers of paper etc. from 12% to 18%.20-Sept-2021
HSN means Harmonized System of Nomenclature code used for classifying the goods under the GST, Goods and Service Tax. What is SAC code? The SAC code means Services Accounting Code under which services fall under GST are classified.10-Jun-2022
What is the HSN code of packing and forwarding?
HSN Code 8431
The main difference between HSN and SAC codes is that HSN codes are meant only specifically for goods and services, and SAC codes specify for services only. Other, difference is in the number of digits in their code and their relevance. Example - HSN Code is an 8-digit code, and SAC code is a 6-digit code.
Which transport is exempt from GST?
Transport services by road
HSN code for Transportation 86-89
How do I register my transport company in GST?
Documents required for registration on GST portal
Is GST applicable for packers and movers?