What is the SAC code for transportation?

SAC Code 996511 – Road transport services of Goods including letters, parcels, live animals, household and office furniture, containers and others by refrigerator vehicles, trucks, trailers, man or animal-drawn vehicles or any other vehicles.

What is the GST rate for HSN code 9967?

Supporting Services In Transport.

What is the GST rate for HSN code 9965?

GST Rates & Conditions:

What is the HSN code for GTA services?

The GST rates are dependable on taking credit of input tax. GST Rate 2.5% – Provided that credit of input tax charged on goods and services used in supplying services are not taken by GTA.Goods Transport Agency (GTA) under Goods & Services Tax (GST)

How do I find my SAC code?

GST Portal – Steps to Search HSN/SAC Tax Rates

Go to the GST portal homepage. Visit the GST Portal Homepage and login with valid credentials.
In the case of HSN Codes.
Select the tax-type.
Search HSN Chapter by Name or Code.
Search HSN Code.
Select the appropriate dates.
Click on the “Search” option.
Select the State.

What is GST in HSN code 9954?

GST Tax Rate: 18%

What is the GST rate on 996511?

When RCM is applicable on freight?

Chartered accountant Vikas Goyal said: “The reverse charge mechanism (RCM) on freight is now applicable from even a single rupee, as the exemption of Rs 750 has been abolished from today and, therefore, all consignments for freight worth below Rs 750 and up to Rs 1,500 for single carriage will also be taxable on a par 19-Jul-2022

Is RCM applicable on transport?

All provisions of the GST Act will apply to a registered person. Anand is liable to pay GST under RCM.What is the rate of GST on GTA?

What is GST rate on freight?

What is HSN code for transport charges?

The HSN CODE FOR Goods Transport Services is 9965.

What is the HSN code for Labour charges?

GST Rates and HSN Code for Labour Charge

Can GTA charges GST?

11, (i) Services of goods transport agency (GTA) in relation to transportation of goods (including used household goods for personal use) (Heading 9965 &9967 respectively) attracts GST @2.5% or 6% CGST. Identical rate would be applicable for SGST also, taking the effective rate to 5% or 12%.

Who is liable to pay GST on GTA services?

Furthermore, if the persons from specified categories supply the service of GTA in the taxable territory, the receivers who get such services become liable to pay GST instead of the supplier of services but the GTA remains liable for collecting and payment of tax @ 12% (6% CGST + 6% SGST).15-Jul-2022

What is HSN code in GST?

Harmonized System of Nomenclature code

What is invoice SAC 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

Are HSN and SAC code same?

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.

What is the SAC code for job work under GST?

The SAC code for Job work is 9988. Where “88” represents the major nature of service “Job Work.”17-Mar-2021

What is code 998314?

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.

Is GST compulsory for transporter?

A transporter must obtain a GST registration based on their aggregate turnover exceeding INR 20 lakhs or INR 10 lakhs for a unique category in a financial year. GTA has to pay 12% GST on all the GTA services for the financial year provided by them.16-Mar-2021