Search results
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
Jan 30, 2024 · The HSN code for freight charges is 9965 and GST rate is 18%. However, this is general categorization, and the SAC could is further subclassified based on the type of freight by adding two more digits as suffix. Note: 1. Freight is a transportation service involving the movement of goods from one place to another.
Oct 20, 2023 · Which Transportation Services are Exempt under GST? SAC Codes with GST Rates. SAC Code: General Introduction. All goods and services transacted in India under GST are classified under the HSN code system or SAC Code system. Where services are classified under the SAC Code and goods are classified under the HSN Code.
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
Jan 9, 2023 · The industry is a significant contributor to India’s gross domestic product (GDP) and provides employment to a large number of people. This article provides a detailed list of HSN or SAC codes for the transportation sector and its GST rates.
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.
Use Freightos’ free HS Code Lookup & Finder to find the 6 digit HS or HTS code needed to classify your goods in global trade and international freight.
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.
HSN is a six-digit code that classifies more than 5000 products, arranged in a legal and logical structure. To achieve uniform classification, the HSN is supported by well-defined rules and is accepted worldwide.
Apr 27, 2023 · The code helps to identify the service for tax purposes and enables businesses to claim input tax credit on the services availed. The HSN code for transport services is 9965. This code covers all types of transport services, including passenger transport, freight transport, and logistics services.
