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Do much more than verifying HSN/SAC codes with ClearTax GST, India's most trusted billing and GST solution where reconciliation is made easy through intelligent inbuilt validations and tools. Calculate monthly Pension & Tax Benefits through Cleartax NPS Calculator
Do much more than verifying HSN/SAC codes with ClearTax GST, India's most trusted billing and GST solution where reconciliation is made easy through intelligent inbuilt validations and tools. Calculate monthly Pension & Tax Benefits through Cleartax NPS Calculator
Dec 4, 2023 · Shop Rent HSN Code. The HSN code for shop rent is 997214. This code specifically applies to the renting or leasing of commercial spaces that are used as retail shops or stores. It's important to note that this code is different from the general commercial rent code, which is 997212. So, what sets this shop rent HSN code apart?
The HSN CODE FOR Rental or leasing services involving own or leased non-residential property is 997212. 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.
SAC (Services Accounting Code) code 997212 is classified under group 99721 (Real estate services involving owned or leased property) of GST services classification. Group 99721 is classified under heading 9972 (Real estate services). You can check GST tax rate on 9972, Real estate services .
HSN Codes are typically 6 digit codes. However, in India, we have 8 digit HSN codes where the first two digits represent the chapter number, the next two digits represent the heading number, the following two digits comprise the sub-heading, and the last two digits are the tariff item.
Leasing or rental services is classified under the HSN code 9973. The first two digits of the code 99 represent the chapter which is Services in which Leasing or rental services is classified . The entire six digits represent the product itself.
Feb 2, 2024 · In India, the HSN code for rent is 997212, placed under ‘Rental services of personal and household goods.’. This code specifically relates to ‘Leasing or rental services concerning machinery and equipment.’.
The Other related HSN code(s) section displays all the related codes available in 4, 6 or 8 digits. You can click the HSN code hyperlink to view further details. Note: You can search for a particular HSN in post-login mode also, using the same navigation as pre-login. ...
You can check 6 digit code along with details of service. Services under Heading 9972 - Real Estate Services with 6 digit code. 99721 - Real estate services involving owned or leased property. 997211 - Rental or leasing services involving own or leased residential property.
