Table of Contents
What is the HSN code for fabrication work?
HSN Code 7308
| HS Code | Description | GST\% |
|---|---|---|
| 73082019 | T0WERS F0R 0THER PURP0SES W/N ASSEMBLED ,Products include: Gi Earthing Strip, Ms Fabricated Stand, Ms Steel Fabrication, Fabricated Steel | 18\% |
How do I find my sac and HSN code?
SAC stands for Servicing Accounting Code and is used to classify services instead of goods. All services tend to begin with the number 99, which is what identifies the code as a SAC and not an HSN. For clarity, let’s look at this SAC- 99.82.
What is HSN code and SAC code?
The basic difference between the HSN and SAC code is that HSN is used to identify the Goods and SAC codes are used to identify the services. Another contrast between the two is the number of digits present in the code, for instance, HSN number has 8 Digit codes while SAC number has 6 digit codes.
What is the difference between old rate of GST with their new rate of GST?
In India GST rate for various goods and services is divided into four slabs: they are 5\% GST, 12\% GST, 18\% GST, & 28\% GST….Revision of GST Rates announced in the 37th GST Council Meeting.
| Goods or commodities | New rate | Old rate |
|---|---|---|
| Hotels with Room Tariff from Rs 1,001 to Rs 7,500 | 12\% | 18\% |
What is the GST rate for the fabrication of metal products?
The fabrication is a job work of manufacturing a product of metal where inputs are supplied by the principal. This is cover by SAC heading 9988 and in your case most appropriate SAC Group is 99887 wherein you need to find most appropriate Service Code for your product. The GST rate applicable is 2.5\% CGST + 2.5\% SGST/UGST or 5\% IGST.
What is the HSN code for OTG cables under GST?
However, the OTG cable or chargers or USB cables shall come under the HSN code of 8504 with a revise GST rate of 18\%. You can refere following entry from GST HSN and Rate list given on CBIC website:
How to find HS code with tax rate?
The procedure to find HS Code with tax rate is very simple. In above box you need to type discription of product/service or HS Code and a list of all products with codes and tax rates will be displayed. You can use this very same form above to search HS Codes and tax rates for services also.
What is the difference between GST and HSN?
Even on fabrication work 10 percent of GST is applied. On the other hand, HSN stands for “Harmonized system of Nomenclature”, this system was introduced with the intention to have a systematic classification of goods in the whole world.
https://www.youtube.com/watch?v=u0PSQYCvzdo