Table of Contents
Is Job Work taxable under GST?
GST Rate on Job Work Also in the latest GST circular 126/45/2019, it has been clarified that all the registered taxpayers under job work are to be levied with 12\% GST and hence the unregistered taxpayers under the GST job work will have to give 18\% GST rate.
Is there GST on job work?
The GST Act makes special provisions with regard to removal of goods for job-work and receiving back the goods after processing from the job worker without payment of GST. The benefit of these provisions shall be available both to the principal and the job worker.
Is job work liable to GST?
Ans. If such goods are returned by the job worker after the stipulated time period, the same would be treated as a supply by the job worker to the principal and the job worker would be liable to pay GST if he is liable for registration in accordance with the provisions contained in the CGST.
What is the GST for job work?
GST Rates on Job work
| Job Work on | GST Rate |
|---|---|
| Intermediary services related to cultivation and animal rearing | 0\% |
| a) Printing of newspapers (b) Textile and textile products (c) Jewellery (d) Printing of books (including Braille books), journals and periodicals (e) Processing of hides, skins and leather | 5\% |
How do I show my job in GST?
Accompanying documents
- All goods sent for job work must be accompanied by a challan.
- The challan will be issued by the principal.
- It will be issued even for the inputs or capital goods sent directly to the job-worker.
- The details of challans must be shown in FORM GSTR-1.
What is the SAC code for engineering services?
SAC CODE – 99833 : Engineering services Services Accounting Codes (SAC Codes) 99833 is used for the Engineering services under Goods and Service Tax classification. SAC (Services Accounting Code) are used for the identification of the service. This service comes under heading Other professional, technical and business services.
What is the HSN code for job work under GST?
Therefore, the HSN code for job work will be a Service Accounting Code (SAC). Here are some of the services falls under 9988 SAC. Bus body building Services. You may refer to our GST rate for services table for various types of job work services under GST and their GST rates on the group level.
What is sac code in GST and how does it work?
The SAC code system helps in compliance with GST based on international standards. Under these codes, the government gets the data with a standard structure related to sales and purchases of services in India. It helps them in analysing the same. As said above, SAC codes are six-digit long. Its break up is as follows:
What are the GST codes under GST for services?
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
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