Hsn code
This query is : Resolved
09 August 2017
Dear All Experts
Please provide the CONTRACTOR & SERVICES PROVIDED HSN CODE .
Please provide the CONTRACTOR & SERVICES PROVIDED HSN CODE .
10 August 2017
Contractor, for what ? please provide detail.
N. Jain
group.blr@gmail.com
N. Jain
group.blr@gmail.com
Message likes :
1 times
10 August 2017
the contractor mean MATERIAL CLEARING AGENT our business contract with company material pic & book transport & rail, or pick material at transport & railway drop to company please advise me HSN CODE
28 July 2024
For a business involved in material handling and transportation services such as a contractor for clearing and forwarding, the relevant HSN codes under GST are:
### **1. Contractor Services (Material Clearing Agent)**
- **HSN Code: 9967**
- This code covers "Support services to agriculture, forestry, fishing, mining, and oil and gas extraction" and also includes various types of services provided by contractors, which often encompass clearing and forwarding services.
### **2. Transportation Services (Goods Transport)**
- **HSN Code: 9965**
- This code includes "Transport of goods by road" and is applicable to businesses involved in the transport of goods via various modes such as road, rail, or air.
### **Detailed Breakdown:**
1. **Clearing and Forwarding Services:**
- **HSN Code: 9967**
- This category includes services related to the handling and management of goods in transit, including material clearing agents.
2. **Transport Services:**
- **HSN Code: 9965**
- This code is used for transporting goods by various means. If your services involve picking up materials from transport hubs and delivering them to clients, this HSN code applies.
### **GST Rates:**
- **Clearing and Forwarding Services (HSN Code 9967):**
- The standard GST rate for these services is **18%** (comprising 9% CGST and 9% SGST for intra-state supplies or 18% IGST for inter-state supplies).
- **Transport of Goods by Road (HSN Code 9965):**
- The GST rate for transport services is generally **5%** (comprising 2.5% CGST and 2.5% SGST for intra-state supplies or 5% IGST for inter-state supplies).
### **Steps for Compliance:**
1. **Verify HSN Code:**
- Ensure the HSN codes are up-to-date and applicable to your specific services by checking the latest GST notifications or consulting with a GST expert.
2. **Invoice and GST Filing:**
- Issue GST-compliant invoices using the appropriate HSN codes and apply the correct GST rates.
- Maintain proper records and file GST returns accurately.
3. **Consult a Tax Professional:**
- For precise guidance and compliance, consult with a GST consultant or tax professional who can provide tailored advice based on your business activities.
### **Summary:**
- **Clearing and Forwarding Services HSN Code:** 9967
- **Transport Services HSN Code:** 9965
- **GST Rates:**
- Clearing and Forwarding Services: 18%
- Transport of Goods by Road: 5%
These codes and rates ensure you classify and tax your services correctly under GST.
### **1. Contractor Services (Material Clearing Agent)**
- **HSN Code: 9967**
- This code covers "Support services to agriculture, forestry, fishing, mining, and oil and gas extraction" and also includes various types of services provided by contractors, which often encompass clearing and forwarding services.
### **2. Transportation Services (Goods Transport)**
- **HSN Code: 9965**
- This code includes "Transport of goods by road" and is applicable to businesses involved in the transport of goods via various modes such as road, rail, or air.
### **Detailed Breakdown:**
1. **Clearing and Forwarding Services:**
- **HSN Code: 9967**
- This category includes services related to the handling and management of goods in transit, including material clearing agents.
2. **Transport Services:**
- **HSN Code: 9965**
- This code is used for transporting goods by various means. If your services involve picking up materials from transport hubs and delivering them to clients, this HSN code applies.
### **GST Rates:**
- **Clearing and Forwarding Services (HSN Code 9967):**
- The standard GST rate for these services is **18%** (comprising 9% CGST and 9% SGST for intra-state supplies or 18% IGST for inter-state supplies).
- **Transport of Goods by Road (HSN Code 9965):**
- The GST rate for transport services is generally **5%** (comprising 2.5% CGST and 2.5% SGST for intra-state supplies or 5% IGST for inter-state supplies).
### **Steps for Compliance:**
1. **Verify HSN Code:**
- Ensure the HSN codes are up-to-date and applicable to your specific services by checking the latest GST notifications or consulting with a GST expert.
2. **Invoice and GST Filing:**
- Issue GST-compliant invoices using the appropriate HSN codes and apply the correct GST rates.
- Maintain proper records and file GST returns accurately.
3. **Consult a Tax Professional:**
- For precise guidance and compliance, consult with a GST consultant or tax professional who can provide tailored advice based on your business activities.
### **Summary:**
- **Clearing and Forwarding Services HSN Code:** 9967
- **Transport Services HSN Code:** 9965
- **GST Rates:**
- Clearing and Forwarding Services: 18%
- Transport of Goods by Road: 5%
These codes and rates ensure you classify and tax your services correctly under GST.
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