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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.
Construction services - gst rates & sac code 9954; Services wholesale trade - gst rates & sac code 9961; Services retail trade - gst rates & sac code 9962; Accommodation services - gst rates & sac code 9963; ... Space Transport Services Of Freight: 5/12/18: Nil Nothing contained in this serial number shall apply after the 30thday of September, 2020. Provided that Director (Sports), Ministry of Youth Affairs and Sports certifies that the services are directly or indirectly related to any of ...
Jan 30, 2024 · Freight HSN Code/ SAC: Inward, Outward and Forwarding Charges 2024. Published by Rajan Rauniyar at Last Updated on July 2nd, 2024 at 4:21 pm Published on January 30, 2024. The HSN code for freight charges is 9965 and GST rate is 18%.
Heading 9965 - Goods Transport Services, GST Tax Rate and SAC. Below list provides Services Accounting Code (SAC) and products. You can check GST tax applicable on your services. To check 6 digit SAC codes please browse at end of this page. You can check 6 digit code along with details of service.
Supporting Services In Transport. 5/12/18. Nil Provided that Director (Sports), Ministry of Youth Affairs and Sports certifies that the services are directly or indirectly related to any of the events under FIFA U-17 Women's World Cup 2020.
Dec 23, 2022 · SAC Codes or Services Accounting Code is a system of classification developed by the service tax department in India for the classification of services. GST Council has decided to adopt the SAC code system for levy of GST in India. GST for service is levied in 5 slabs namely 0%, 5%, 12%, 18% and 28%.
May 27, 2024 · Let Tax2win handle your return filing while you focus on what matters to you. Our eCA service is tailored to your needs, Book eCA Now! SAC codes under GST for services - 99, 9954, 9961, 9962, 9963, 9964, 9965, 9966, 9967, 9968, 9969, 9971, 9972, 9973, 9981, 9982, 9983, 9984, 9985 etc.
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%.
Jan 24, 2023 · 4 min read. At the time of GST’s introduction, the Central Board of Indirect Tax and Customs (CBIC) implemented the HSN and SAC code systems for the easy classification of goods and services. In this article, gain a complete understanding of what is SAC code, a list of SAC codes and why we use it.
SAC codes are unique identifiers assigned to different services for GST purposes. They help with invoicing, accounting, and taxation. SAC codes range from 0% to 28% in terms of tax rates. If a service doesn’t have a specific SAC code, it is generally subject to an 18% GST levy by default.
