Table of Contents
What is the HSN code of job work?
The job work is a service activity carried out on behalf of the manufacturer and the input is owned by the supplier. 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.
How do I find out my SAC code?
GST Portal – Steps to Search HSN/SAC Tax Rates
- Go to the GST portal homepage. Visit the GST Portal Homepage and login with valid credentials.
- In the case of HSN Codes.
- Select the tax-type.
- Search HSN Chapter by Name or Code.
- Search HSN Code.
- Select the appropriate dates.
- Click on the “Search” option.
- Select the State.
What is the SAC code for Works Contract?
Services are classified as per the Services Accounting Code (SAC). The SAC is strictly numeric and is 6 digits….SAC Code 9954.
| First two digits | “99” | Common for all Services |
|---|---|---|
| Building completion Services | SAC Code 995478 – | Other building completion and finishing services n.e.c. |
What is job work in GST with example?
Job work means processing or working on raw materials or semi-finished goods supplied by the principal manufacturer to the job worker. As per GST Act, job work means any treatment or process undertaken by a person on goods belonging to another registered person. The person doing the job work is called a job worker.
What is the SAC code for job worker under GST?
Section 2 (68) of the CGST Act, 2017 defines job-work as ‘any treatment or process undertaken by a person on goods belonging to another registered person’. The one who does the said job would be termed as ‘jobworker’. SAC code for a job worker is in Heading No. 9988.
What is the GST on garments with embroidery or Chikan work?
Your item is manufactured (c) garments or made up articles of textiles with embroidery or chikan work? (1) The HS code of embroidery including chikan work in strips, piece or motifs is 5810 and attracts 12\% GST. (2) Fabrics with embroidery or chikan work fall under Chapters 50 to 55 and attract 5\% GST.
What is HSN code and SAC code in GST?
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 SAC Code and goods are classified under HSN Code. Services Accounting Code also called as SAC Code is a classification system for services developed by the Service Tax Department of India.
Is job work taxable under GST?
Job work is taxable under GST. The GST rate for job work is linked to Services Accounting Code known as SAC. This is a service classification system developed by the Service Tax Department for levy of service tax.
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