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Jan 30, 2024 · What is Freight HSN code 996511 8 digits? The 8-digit HSN code for Freight (Road Transport Services Of Goods Including Letters, Parcels, Live Animals, Household & Office Furniture, Containers, etc.) is 99651111.
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Oct 20, 2023 · Using GST SAC code, the GST rates for services are fixed in five slabs namely 0%, 5%, 12%, 18% and 28%. Note: If a service is not exempted from GST or if the GST rates are not provided, then the default GST rate for services of 18% would be applicable.
Apr 10, 2024 · How to find 8-digit Freight HSN code? Discovering the specific 8-digit HSN code for freight services involves utilising resources such as the GST portal or various directories to ensure accurate classification and compliance.
Jul 8, 2024 · What is Freight HSN code 996511 8 digit? The 8-digit HSN code 996511 represents specific services related to the transport of goods by road, commonly known as goods transport services. It is essential for accurate classification and identification within the GST framework.
HSN codes for six-digit goods are common worldwide. Standard HSN codes apply to Customs and GST. Codes deducted from Customs tariffs are used for GST purposes. For tax purposes, the HS code is determined by subject (4 HS digits), sub-title (6 HS digits) and tax items (8 digits). The current HSN Code . 9965 relates to Goods Transport Services.
In the 8 digit structure of an HSN Code, the first 2 digits define the Chapter, at 4 digit level are the headings, at 6 digit are the subheadings and finally at 8 digit are the tariff items. All 8 digits HSN codes are mandatory in the case of export and imports under GST.
Feb 1, 2024 · The HSN code freight charges are used to classify the charges incurred during the transportation of goods, whereas the SAC Code is utilized to classify services. How is the HSN Code of Freight Charges determined?
Origin Chapter: Chapter 99. Supporting Services In Transport.
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.
