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Jan 30, 2024 · HSN code for freight charges is 9965 and GST Rate is 18%. However, SAC is further subclassified based on the type of freight by adding two more digits as suffix. Solutions
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
Use ClearTax HSN Calculator to find out the HSN code for your product. Our ClearTax GST Software has all the HSN codes inbuilt. You need to select the items you sell only once in the Item Master. Once you are done, your HSN code will be automatically populated in all your invoices and returns.
Oct 20, 2023 · Where services are classified under the SAC Code and goods are classified under the HSN Code. Services Accounting Code also called as SAC Code is a classification system for services developed by the Service Tax Department of India. Using GST SAC code, the GST rates for services are fixed in five slabs namely 0%, 5%, 12%, 18% and 28%.
Jan 29, 2019 · Under the present article we would see the GST rates as applicable to freight charges, exemption list and fixing of the GST liability on freight charges. GST RATE ON FREIGHT CHARGES – The rate of GST on freight charges is 5%.
Apr 27, 2023 · The HSN Code of Freight Charges is 9965. This code is used to classify the charges incurred during the transportation of goods from one place to another. The HSN Code of Freight Charges is used to determine the customs duties and GST that are to be levied on these charges.
Feb 1, 2024 · The HSN Code for freight charges is 9965. How is the HSN Code of Freight Charges Used? The freight HSN codes can be used in a plenty of ways like it is used to decide custom duties on freight charges, or GST rates applicable on them. Moreover, it is also used in bills to record freight charges.
Finding the right HSN code, like the one discussed for Freight Charges is very important for GST compliance and accurate tax calculation. Here’s different ways to find the correct HSN code for your product in India.
Apr 10, 2024 · What is the HSN Code of Freight Charges? The HSN code for freight charges is a systematised code employed to classify goods transported via freight services under the GST regime. This code helps in identifying the goods being shipped, facilitating smoother customs and tax processes.
HS Code is internationally accepted format of coding to describe a product. All around the world same HS codes are used to discribe a product. You can use 4 digit HS code to generate your invoices. GST rates for all HS codes. You can search GST tax rate for all products in this search box.
