WebSep 8, 2024 · Service codes (SAC) under GST for the following business expenses:-1. Job Work/ Labour Charges Other (i.e. other than:- for Textile / for diamond jewelery precious … WebMar 13, 2024 · As per the Central Board of Indirect Taxes (CBIC), the SAC code for courier and postal services is as follows: SAC Code 996811 – This is the SAC code for all postal services, including mailbox rental services and post office counter services. SAC Code 996812 – This is the SAC code for courier services
SAC Codes: SAC Code 9954 & SAC Code for Job Works - Tally
WebDec 28, 2024 · If the GTA is also unregistered, there will be no tax liability on the GTA or the recipient. In such cases, where a registered GTA is liable to pay tax @ 5% on transportation service, 2 options have been given to the GTA: Pay tax @ 5% with no input tax credit Pay tax @ 12% with full input tax credit WebSAC (Services Accounting Code) code 996512 is classified under group 99651 (Land transport services of Goods) of GST services classification. Group 99651 is classified under heading 9965 (Goods Transport Services). You can check GST tax rate on 9965, Goods Transport Services . Decoding SAC 996512 coil master rebuild kit rbk
Reverse Charge (RCM) on Renting of Motor Vehicle - CAclubindia
WebApr 11, 2024 · 996512. Railway transport services of Goods including letters, parcels, live animals, household and office furniture, intermodal containers, bulk cargo and the like. … WebAug 23, 2024 · Under Masters, Create ledger, · Create ledger Transport Charges GST under the group sales ledger. · Select GST Rate to be applicable. · Now fill up the SAC code, description of service and tax rate. Step 4. Click Yes to save the new ledger created. WebJul 13, 2024 · 3.0 Exemption from GST registration for GTA services. If a person is providing only GTA services which are notified under reverse charge (as stated above), then GST registration is not required for them. Further, it is not the option but a regulation. Hence, the tax on GTA shall always be paid by the recipient and not by the GTA service provider. dr khaleal penrith