File Name: gst rate and hsn .zip
In case you deal in services, you need to mention the Service Accounting Code in the Services tab. You can add maximum 5 goods and 5 services. In case, you have more than 5 goods or services, you must add the top 5 goods or services you are dealing in. Let us take an example that you need to add the HSN Code To add the HSN Code, perform the following steps:. The Goods and Services section of the new registration application has a built-in online utility that will help you select the HSN Code.
Since then 5 revisions has already been implemented worldwide. HSN code asserts more than goods meticulously and is widely used by more than countries. It is a globally accepted multipurpose tool for customs and trade procedure. These amendments includes:. This has also minimized the cost that are related to international trade as it will bring harmonization in trade and customs procedures. The HSN will help every taxpayer in India to search the GST rate by just entering the HSN code after that the system will automatically show the tax rate applicable on the commodity under the GST, hence abridging and simplifying the trade related procedures in India. These are the reasons why India adopted HSN system.
Disclaimer: The above is not a complete or exhaustive list of items under exemptions or attracting concessional rates under GST. Some of the items also attract Cess in addition to GST at the applicable rates. For complete details, notifications and other information available on the CBIC website www. Disclaimer: Information is being made available at this site purely as a measure of public facilitation. While every effort has been made to ensure that the information hosted in this website is accurate and up-to-date, Central Board of Indirect Taxes and Customs does not hold itself liable for any consequences, legal or otherwise, arising out of use or abuse of any such information. Palm nuts and kernels, cotton seeds, Castor oil seeds, Sesamum seeds, Mustard seeds, Saffower Carthamustinctorius seeds, Melon seeds, Poppy seeds, Ajams, Mango kernel, Niger seed, Kokam whether or not broken, other than of seed quality 2.
GST Rates - (For Inter-state supply, IGST Rate is applicable | For intra-state supply, CGST rate and SGST/UTGST rate is applicable) Goods which are not.
The SAC is strictly numeric and is 6 digits. Construction services of other residential buildings such as old age homes, homeless shelters, hostels etc. Construction services of industrial buildings such as buildings used for production activities used for assembly line activities , workshops, storage buildings and other similar industrial buildings.
GST exemption items list, click here. The details about GST rate changes for sale of machinery and machinery parts are being updated here. The notification changes on exemptions for GST for sale of machinery and machinery parts and other circulars related to GST for Machinery and Machinery parts are updated in this website.
The Harmonized System of Nomenclature HSN is an internationally accepted method of naming, classifying and identifying products.
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