Table of Contents
What is HSN code for Works Contract?
GST Rate on Works Contract
| Description | HSN Code | GST rate |
|---|---|---|
| Works contract mostly involving earth work to government | 9954 | 5\% |
| Oil exploration works contract (construction) | 9954 | 12\% |
| Works contract by sub contractor to main contractor (construction) who in turn provides above services to the government | 9954 | 12\% |
What is the HSN code for construction services?
9954
The current HSN Code 9954 relates to Construction services. Construction services of commercial buildings such as office buildings, exhibition & marriage halls, malls, hotels, restaurants, airports, rail or road terminals, parking garages, petrol and service stations, theatres and other similar buildings.
Is the any HSN code for services?
Similarly, HSN is the six-digit uniform code which classifies 5,000+ products and is acceptable worldwide. HSN is applicable under GST in India to classify the products and levy tax on it….List of HSN Codes in GST for Service Accounting Codes [SAC]
| SAC Code | SAC Description |
|---|---|
| 99 | All Services |
| 9954 | Construction services |
Is GST applicable on Labour work?
GST is applicable on all goods and services, including the service of the labour contract. …
What is the HS Code for construction materials?
Import Data and Price of construction materials under HS Code 7318 | Zauba.
How do I register for civil contractor GST?
In case of inter-state supply of goods, registration is mandatory irrespective of threshold limit , where as in case of inter-state supply of services, registration is mandatory if the turnover in a F.Y exceeds Rs. 20 lakhs (Rs. 10 lakhs in case of special category states).
What is the difference between HSN code and work contract code?
First of all it must be clarified that, According to GST Council HSN code is applicable only to products while Work Contracts fall under the ambit of ‘Services’ and the code for services is known as SAC (Service Accounting Code) which is a six digit number.
Service Code (HSN Tariff) Service Description. (2) (3) 995421. General construction services of highways, streets, roads, railways and airfield runways, bridges and tunnels. 995422. General construction services of harbours, waterways, dams, water mains and lines, irrigation and other waterworks. 995423.
What are the HSN codes in GST for services?
List of HSN Codes in GST for Service Accounting Codes [SAC] Below is the list of all service accounting codes in GST. You may refer GST Rate list for services to know the current GST Rate for the particular service. 99541 – Construction services of buildings
What is the HSN code for site preparation services?
99543 – Site preparation services. Service Code (HSN Tariff) Service Description. (1) (2) 995431. Demolition services. 995432. Site formation and clearance services including preparation services to make sites ready for subsequent construction work, test drilling and boring and core extraction, digging of trenches.