What is HSN code for courier charges?
996812
Courier services classified under SAC Code 996812 will be taxable at 18% GST.
What HSN code is 9988?
Manufacturing Services.
18%
How do I add courier charges to GST invoice?
How To Add Transport Charges in GST Invoice TallyPrime
The HSN CODE FOR Courier services is 996812.
How do I charge GST on courier services?
Courier services categorised under SAC Code 996812 will be taxable at 18% GST. Example: – XYZ Ltd is a Courier agency service provider who renders daily courier services to AMT Ltd from Delhi to Mumbai, on such matter X Ltd shall charge & collect GST at Rate of 18 %. SAC Code 996812 will be payable at 18% GST.24-Sept-2020
If the transportation cost is included, then GST has to be charged at the same rate of tax charged on supply. For example, if the goods being supplied is charged at 18%, then you have to charge tax on transport cost also at 18%.12-Jan-2022
Can GST be claimed on courier services?
Courier services includes transportation, collection and delivery services. This includes letters , parcels etc movement form one or model of transportation. However GST on Postal services is excluded. GST on courier services is applicable as it falls under the definition of Supply.
5%
What is HSN code in GST?
Harmonized System of Nomenclature code
SAC stands for Servicing Accounting Code and is used to classify services instead of goods. All services tend to begin with the number 99, which is what identifies the code as a SAC and not an HSN. For clarity, let's look at this SAC- 99.82. 13.17-Sept-2021
How is HSN code 9954?
The full form of HSN Code is Harmonized System of Nomenclature. It was introduced in 1988 by the World Customs Organization (WCO). It is a 6-digit code that separates different products.The HSN CODE FOR Construction services is 9954.
The HSN CODE FOR Information technology (IT) design and development services is 998314. The full form of HSN Code is Harmonized System of Nomenclature. It was introduced in 1988 by the World Customs Organization (WCO). It is a 6-digit code that separates different products.
How do I find my HSN code?
For example, if you are selling fresh bananas, you can find your HSN code under Section 02: Vegetable Products, Chapter 08: Edible fruits and nuts; peel of citrus fruits or melons, Heading 03: Bananas including Plantains, Subheading 9010: Bananas, fresh. Your HSN code will be 0803.
GST Tax Rate: 12%
What is the GST rate for freight charges?
5%
Time of deducting TDS on courier charges TDS on courier charges is required to be deducted under Section 194C of Income Tax Act 1961 at the rate of 1% or 2% (as the case may be) for payments to residents.
How do I find the SAC code for a service?
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.
Answer: The services by way of speed post, express parcel post, life insurance, and agency services provided to a person other than the Government or Union territory are not exempt. In respect of these services the Department of Posts is liable to pay tax without application of reverse charge.5 days ago
Which postal service is taxable?
Premium postal services and life insurance provided by the post office will attract 12% service tax. Basic postal services, money orders, savings accounts, pension payments, etc remain exempt. After holding back for several years, the government has finally decided to subject upper class rail travel to service tax.01-Jul-2012
What is HSN code for courier charges?