Insurance Hsn Code And Gst Rate. Anyone is able to find the gst rate for their products using the hsn code, making trade faster and simpler. This service comes under heading financial and related services.
Hs code is internationally accepted format of coding to describe a product. Goods and services tax (gst) is an indirect tax system launched by the government of india in july 2017 which includes most of the existing indirect taxes like service tax, vat, etc. Gst rates have been set in five classes called slabs which are predicated on the hsn or sac codes.
16 Rows Hs Code Is Internationally Accepted Format Of Coding To Describe A Product.
Type the first 2 or first 4 digits of the hsn code. Gst service code 997163 actuarial services. Nil, 5%, 12%, 18%, and 28%.
Goods Are Categorised Using The Hsn Code, While Services Are Categorised Using The Sac Code.
You can use 4 digit hs code to generate your invoices. Goods and services tax (gst) is an indirect tax system launched by the government of india in july 2017 which includes most of the existing indirect taxes like service tax, vat, etc. 99, 9954, 9961, 9962, 9963, 9964, 9965, 9966, 9967, 9968, 9969, 9971, 9972, 9973, 9981, 9982, 9983, 9984, 9985, 9986, 9987, 9988, 9989, 9991, 9992, 9993, 9994, 9995, 9996, 9997, sac codes.
This Included Gst Rates Deductions On 28% Slabs Which Came Down To 18% And 12%.
Goods are classified under hsn code and services are classified under sac code. Gst code 997161 insurance brokerage and agency services. You can search gst tax rate for all products in this search box.
Currently, There Are Three Types Of Gst Namely, Central Gst (Cgst), State Gst (Sgst) And Integrated Gst (Igst).
All around the world same hs codes are used to discribe a product. Group 99713 is classified under heading 9971 (financial and related services). You can see below the complete list of hsn codes in gst in india for services.
The Following Table Summarises The Different Sac Codes As Well As The Gst Rates.
5 crore and (4) for more than rs. Gst rates for all hs codes. Services under the gst regime.