6 Digit SAC code for 9988
This query is : Resolved
11 April 2021
What is the 6 digit SAC code of the following :
Printing of books / Journal etc. on job work basis for which 4 digit SAC is 9988 and rate is 5% .
I found a SAC code as 998832 under the head 9988 but the GST rate of the same is 18%
Please suggest and thanks .....
Printing of books / Journal etc. on job work basis for which 4 digit SAC is 9988 and rate is 5% .
I found a SAC code as 998832 under the head 9988 but the GST rate of the same is 18%
Please suggest and thanks .....
11 April 2021
It is not necessary that a single HSN/SAC will have a single rate of tax.
So select the correct SAC as per explanatory notes.
And charge the correct rates as per notification.
For further details you can mail me.
Message likes :
1 times
06 July 2024
The 6-digit SAC (Services Accounting Code) for “Printing of books / Journal etc. on job work basis” under the category with a 4-digit SAC of 9988 and a GST rate of 5% is indeed 998832.
However, you mentioned finding a SAC code 998832 under the same category (9988) but with a GST rate of 18%. This discrepancy could be due to different SAC codes having similar descriptions but differing GST rates based on specific conditions or contexts. It’s crucial to match the SAC code with the correct GST rate applicable to your specific situation.
To resolve this:
1. Verify the SAC Code: Double-check the GST portal or the official SAC code list provided by GST authorities to ensure accuracy.
2. GST Rate Applicability: Confirm the GST rate applicable to your business activity. If your business involves printing of books or journals on a job work basis, and you expect a 5% GST rate as per your initial information, ensure the SAC code aligns with this rate.
3. Consult with a Tax Professional: If there’s uncertainty or conflicting information, consulting with a tax professional or GST expert can provide clarification and ensure compliance with GST regulations.
In summary, while the 4-digit SAC code for “Printing of books / Journal etc. on job work basis” is 9988 with a 5% GST rate, the corresponding 6-digit SAC code specific to your activity should align with this rate. Verify the correct SAC code and GST rate to accurately report and comply with GST requirements.
However, you mentioned finding a SAC code 998832 under the same category (9988) but with a GST rate of 18%. This discrepancy could be due to different SAC codes having similar descriptions but differing GST rates based on specific conditions or contexts. It’s crucial to match the SAC code with the correct GST rate applicable to your specific situation.
To resolve this:
1. Verify the SAC Code: Double-check the GST portal or the official SAC code list provided by GST authorities to ensure accuracy.
2. GST Rate Applicability: Confirm the GST rate applicable to your business activity. If your business involves printing of books or journals on a job work basis, and you expect a 5% GST rate as per your initial information, ensure the SAC code aligns with this rate.
3. Consult with a Tax Professional: If there’s uncertainty or conflicting information, consulting with a tax professional or GST expert can provide clarification and ensure compliance with GST regulations.
In summary, while the 4-digit SAC code for “Printing of books / Journal etc. on job work basis” is 9988 with a 5% GST rate, the corresponding 6-digit SAC code specific to your activity should align with this rate. Verify the correct SAC code and GST rate to accurately report and comply with GST requirements.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Inventory of finished goods
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Applicability of Ind As to associate of associate
- Sale of property furniture sale
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- RCM INVOICING FROM NOV-2024
- GST Regis.
- Disallowance of Section 43B(h) to sez units
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- GSTR9 applicability
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
Trending Online Classes
CAclubindia
