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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
Dec 3, 2023 · There might be potential confusion when businesses need to decide on the appropriate HSN code for their rental services. The choice between HSN code 170 and HSN code 210 depends on the type of property being rented out. Thus, you must classify rental services under the correct HSN code accurately to ensure proper tax compliance.
Understand GST on residential and commercial property rent. From July 2017 to date, learn about exemptions, rates, and recent amendments. FAQs on GST for landlords and tenants answered.
Apr 10, 2019 · This service code includes: leasing, renting or hiring services concerning all kinds of machinery, whether or not electrical, except personal or household goods, generally used as capital goods by industry. SAC 997212 Rental or leasing services involving own or leased non-residential property.
Apr 28, 2023 · The HSN code for rent is crucial for businesses that provide rental services, as it determines the rate of tax applicable on the rental income. The GST rate for rental services is 18% for most services, including renting of commercial or residential property, machinery and equipment, and vehicles.
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Search and Find HSN Codes, SAC codes & GST Rates of goods and services under GST in India. Under GST, tax slabs have been fixed at 0%, 5%, 12%, 18% and 28% Products
Dec 11, 2023 · What is the meaning of the HSN code for rent? HSN number 9972 is for commercial space rentals and it is taxed at an 18% rate. Starting on July 18, 2022, there will be a change in how residential rentals are handled under GST.
Goods & Service Tax, CBIC, Government of India :: GST Goods and Services Rates is a webpage that provides the latest information on the rates of various goods and services under the GST regime. It also contains links to other useful resources such as notifications, circulars, FAQs, and guides on GST. The webpage is a comprehensive source of knowledge for taxpayers, traders, and consumers who want to know more about the GST system in India.
What is the HSN code for a rental property? The rent HSN code for renting a commercial space is 9972, and it is taxable at the rate of 18%. Call us: +91 740041 7400
