Hsn code for sale of car
http://www.eximguru.com/hs-codes/87038030-motor-cars.aspx Web9 jan. 2024 · GST Rates and HSN Code for Labour Charge It includes many industries and services provided under a simple labour contract, not just the construction sector. The service accounting codes for labour costs in India, generally known as the HSN codes, are shown below, along with the services they cover and the applicable GST rates.
Hsn code for sale of car
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WebHSN Code 8707 Bodies, incl. cabs, for tractors, motor vehicles for the transport of ten or more persons, motor cars and other motor vehicles principally designed for the transport of persons, motor vehicles for the transport of goods and special purpose motor vehicles of heading 8701 to 8705 HSN Code 8708
Web6 jan. 2024 · Different GST rates for different goods and services has been fixed by the GST council under seven slabs – 0%, 0.25%, 3%, 5%, 12%, 18% and 28%, which are mutable on government GST notifications on the demands of the economy. All goods and services are linked to Harmonized System Nomenclature (HSN) code on the basis of which GST rate … WebHS Codes >. Motor Cars And Other Motor Vehicles Principally Designed For The Transport Of Persons (other Than Those Of Heading 8702), Including Station Wagons And Racing Cars. Search Global Export Import Trade Data. Type Your Product (ex : brass, rice) Recent Searches: No Recent Searches.
Web26 jan. 2024 · GST on sale of second hand (used and old) vehicles. In GST, margin scheme has been provided in case of sale of second hand motor vehicles. In this scheme, a person supplying old and used vehicles is liable to pay GST on the profit margin at the time of sale of such vehicles. Web13 sep. 2024 · GST on sale of old vehicles/ cars is discussed at length from beginning to date. After the implementation of GST on sale of used and old vehicles was taxed at the same rate as applicable on new vehicles which were 28% + Applicable cess which was up to 15% and due to this, the effective tax on the sale of old vehicles was up to 43%.
Web23 mrt. 2024 · Hsn code for sale of used car in gst with profit Gautam Jain (14 Points) 23 March 2024 HSN code of sale of use car capital asset in gst with with profit so gst payable on profit please mention the hsn code to be used for this to make the tax invoice of profit 3 Replies prasad Nilugal (Sr . Accountant and GST Practitioner . ) (12124 Points)
Web2 feb. 2024 · HSN: Engine Capacity: Length: Intrastate: Interstate: Cess (Rate) CGST: SGST: Total: IGST: 1: Petrol Liquefied petroleum gases (LPG) or compressed natural gas (CNG) driven motor vehicles: 8703 > 1200 CC > 4000 mm: 9%: 9%: 18%: 18%: NIL: 2: Diesel driven motor vehicles: 8703 > 1500 CC > 4000 mm: 9%: 9%: 18%: 18%: … dutch\\u0027s wicked baked beansWeb1 jul. 2024 · 3 wheel vehicles diesel electric motor - gst rates & sac code 8705; Vehicles diesel electric motor 1500cc - gst rates & sac code 8706; Vehicles diesel electric motor - gst rates & sac code 8707; Other parts of the motor vehicles - gst rates & hsn code 8708; … crystal and chrome buffet lampsWeb1 jul. 2024 · HSN Code Description Rate (%) CESS (%) Effective Date Rate Revision; 8701: TRACTORS (OTHER THAN TRACTORS OF HEADING 8709)(tractors) 12%: Nil: 01/08/2024 1/07/2024: 8701: TRACTORS (OTHER THAN TRACTORS OF HEADING 8709)(road tractors more than 1800 cc capacity) 28%: Nil: 01/08/2024 1/07/2024: 87011000 dutch\u0027s at silver treeWeb19 mrt. 2024 · In the case of taxpayers whose turnover is above INR 1.5 crore but below INR 5 crore, you need to use 2 digit HSN codes. Lastly, for taxpayers whose turnover is below INR 1.5 crore, you need not mention the HSN code in your invoice. Remember, this will also be required for filing GST returns. crystal and chrome bath accessoriesWebHS Code 8703 Harmonized System Code Of MOTOR CARS AND OTHER MOTOR VEHICLES PRINCIPALLY DESIGNED FOR THE TRANSPORT OF PERSONS (OTHER THAN THOSE OF HEADING 8702), INCLUDING STATION WAGONS AND RACING CARS. We are a B2B Research based Advisory firm helping Export Import companies to … crystal and cliff wyattWeb13 mei 2024 · Based on the HSN or SAC code, GST rates have been fixed in five slabs, namely 0%, 5%, 12%, 18% and 28%. In the GST regime each invoice will have to mention HSN code for all goods which are sold and SAC code for all services which are provided. Businesses will thus, need to be aware of the HSN code list and SAC code list for all … dutch\u0027s at silver tree buffetWebHSN Code 8703 Motor cars and other motor vehicles principally designed for the transport of persons, incl. station wagons and racing cars (excluding motor vehicles of heading 8702) HSN Code 8704 Motor vehicles for the transport of goods, incl. chassis with engine and cab HSN Code 8708 dutch\u0027s at silver tree deep creek md