Table of Contents
What is the rate of GST on job work?
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.
What is the SAC code for job work under GST?
9988
The SAC code for Job work is 9988.
What is the SAC code for Labour charges?
Labour Charges GST SAC Code
| Service Accounting Code (SAC) | Nature of Service | GST Rate for Labour charges |
|---|---|---|
| 998513 | Contract Staffing Services | 18\% |
| 998515 | Long- Term staffing (pay rolling) services | 18\% |
| 998516 | Temporary staffing-to-permanent placement services | 18\% |
| 998517 | Co-employment staffing services | 18\% |
Is GST registration mandatory for job worker?
To avail the benefits under GST, a job worker may also voluntarily register as provided under section 25(3) of CGST Act 2017. When there is inter-State supply of goods or services, the registration under GST is mandatory.
How do GST jobs work?
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 SAC code list?
| SAC Code Meaning | |
|---|---|
| Service Accounting Code for Construction Services Involving Buildings | |
| 995424 | Construction of local sewage/water pipelines, communication/electricity cables etc. |
| 995425 | Construction of industrial plants, mines etc. |
| 995426 | Construction of infrastructure of Power Plants. |
How do I find 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.
Is GST applicable on Labour job?
GST is applicable on all goods and services, including the service of the labour contract.
When should a job worker take registration?
Job worker is required to obtain registration only if his aggregate turnover to be computed on all India basis in a financial year exceeds the limit (Rs. 20 lakh or Rs. 10 lakh in case of special category states exept Jammu & Kashmir) in case both the principal and the job worker are located in the same state.
Who is a job worker?
Job work means undertaking any treatment or process by a person on goods belonging to another registered taxable person. The person who is treating or processing the goods belonging to other person is called ‘job worker’ and the person to whom the goods belongs is called ‘principal’.
What is the rate of GST on job work services?
Rate of GST reduced from 5\% to 1.5\% on supply of job work services in relation to diamonds. ii) For engineering related services other than bus body bldg. The rate of GST reduced from 18\% to 12\% on supply of machine job work such as in engineering industry, except supply of job work in relation to bus body building which would remain at 18\%.
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 the GST rate on the SAC code 9988?
SAC code for a job worker is in Heading No. 9988. GST Rate on the SAC Code 9988 is 18\%…..
What is the SAC code for a job worker in India?
The one who does the said job would be termed as ‘jobworker’. SAC code for a job worker is in Heading No. 9988. GST Rate on the SAC Code 9988 is 18\%…..
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