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Gst rate on job work charges

WebChapter, Section or Heading: Heading 9988 (Manufacturing services on physical inputs (goods) owned by others) GST Tax Rate: 5% Description: (i) Services by way of job work in relation to-(a) Printing of newspapers; (b) Textile yarns (other than of … WebSep 10, 2024 · The above entry covers only job work services as defined in section 2 (68) of the Central Goods and Services Tax Act, 2024 (CGST Act) Hence services by way of …

GST Rate on Job work 12% or 18%? - CAclubindia

WebSep 20, 2024 · Sl. No 13 says @ 5% on printing of Newspapers. added on 11-6 says. 13A (c) Printing of books (including braille books), journals and periodicals @ 5%. But printing on other items and binding jobs. DEEPAK YADAV (ACCOUNTANT ) (28 Points) Replied 10 September 2024. Please share hsn code on book binding job work. CA S K MISHRA … WebNov 18, 2024 · Using GST SAC code, the GST rates for services are fixed in five slabs namely 0%, 5%, 12%, 18% and 28%. Note: If a service is not exempted from GST or if … burro mountain new mexico https://primechaletsolutions.com

Changes in Job Work GST rates – Differently Decoded - TaxGuru

WebFeb 11, 2024 · TDS on job work is required to be deducted under Section 194C of the Income Tax Act, 1961 at the rate of 1% or 2% (as the case may be) for payments to residents. To know more about TDS on Job Work get enrolled on our ‘ TDS Course ’ today. Related Articles TDS on maintenance charges TDS on repair and maintenance WebFeb 27, 2024 · The GST rate is reduced to 12% from 18% for job work other than those specifically provided by notification. Rates chart summary . Rate of GST 1.5% on supply … Web3 rows · Sep 14, 2024 · The GST council further reduced the GST rate on the engineering job work from 18 % to now ... hammond假设

Job Work under GST in India-Rates, Time, Process

Category:GST Tax Rate on SAC Service - Heading 9988 (Manufacturing …

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Gst rate on job work charges

Circular No. 177/09/2024-TRU ***** Room No. 146G, North …

WebNov 21, 2024 · Thus, after the above notification the job work service of dyeing and printing on the textile yarn and fabric has been removed from 5% GST rate and now the same would fall under 12% rate or 18% rate …

Gst rate on job work charges

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WebNov 25, 2024 · The notification had also stated that the entry at item (id) under heading 9988 of Notification No. 11/2024-Central Tax (Rate) dated 28-06-2024 inserted with effect from 01-10-2024, prescribes 12% GST … Web(1) Those with AATO more than Rs.5 crore – Half-yearly from April-September- due on 25th October and October-March due on 25th April. (2) Those with AATO up to Rs.5 crore – Yearly from FY 2024-22 due on 25th April. 1st May 2024 ITC-04 for the quarter January-March 2024 is extended from 25th April 2024 up to 31st May 2024. What is job work?

WebApplicable Tax rate for Job work services? The GST rate depends on the job work and therefore it can be bifurcated as Exempt under GST, 5% GST rate, 12% GST rate and … WebAug 2, 2024 · The HSN to be used is 9988 and the applicable gst rate would be 12% for job work services and 18% if it is manufacturing services to the principal. The exact nature …

WebDec 12, 2024 · The doubts have been raised with regard to scope of the notification entry at item (id) under heading 9988 of Notification No. 11/2024-Central Tax (Rate) dated 28- 06-2024 inserted with effect from 01-10-2024 to implement the recommendation of the GST Council to reduce rate of GST on all job work services, which earlier attracted 18 % … WebMar 10, 2024 · as per my view, gst rate is as under : 9988 (i) - 5% 9988 (ii) - 18% 9998-Other Domestic Services - 18%. 6Dated: 4-10-2024 By:- KASTURI SETHI W.e.f. 1.10.19, if job-work process amounts to manufacture, rate of tax is 18% and if job-work process does not amount to manufacture, rate of GST is 12%.

WebAug 6, 2024 · Job work is taxable service under GST. In this regard refer Section 143 of the CGST Act which describes the job work procedure. But, suppose a manufacturer has …

WebNov 13, 2024 · 12% GST on Job Work Services such as Anodizing, Plating, on Goods/Materials belonging to Registered Persons: AAR CST & VAT / GST 12% GST on Job Work Services such as Anodizing, Plating, on Goods/Materials belonging to Registered Persons: AAR [Read Order] By Taxscan Team - On November 13, 2024 … hammond zip codesWebSep 30, 2024 · Rate of GST reduced from 5% to 1.5% on supply of job work services in relation to diamonds. 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 … burro muffaWeb7. GST on overloading charges at toll plaza. 7.1 Representations have been received seeking clarification regarding applicability of GST on Overloading charges collected at Toll Plazas. 7.2 Entry 23 of notification No. 12/2024-Central Tax (Rate) dated 28th June, 2024, exempts Service by way of access to a burron building products