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Hsn code/chapter name for builder/developer

CA Karan Sathe (CA ) (564 Points)

30 June 2017

DO YOU KNOW HSN CODE FOR BUILDER/DEVELOPERS?

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11 Replies

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (182806 Points)
Replied 30 June 2017

How can there be HSN code for service provider? New SAC code proposed under GST ::

	Construction services of buildings
995411	Construction services of single dwelling or multi dewlling or multi-storied residential buildings
995412	Construction services of other residential buildings such as old age homes, homeless shelters, hostels etc
995413	Construction services of industrial buildings such as buildings used for production activities (used for assembly line activities), workshops, storage buildings and other similar industrial buildings
995414	Construction services of commercial buildings such as office buildings, exhibition & marriage halls, malls, hotels, restaurants, airports, rail or road terminals, parking garages, petrol and service stations, theatres and other similar buildings.
995415	Construction services of other non-residential buildings such as educational institutions, hospitals, clinics including vertinary clinics, religious establishments, courts, prisons, museums and other similar buildings
995416	Construction Services of other buildings n.e.c
995419	Services involving Repair, alterations, additions, replacements, renovation, maintenance or remodelling of the buildings covered above.

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CA Karan Sathe (CA ) (564 Points)
Replied 01 July 2017

Thank You. There will be service accounting code.

R D Deshpanday (CEO) (22 Points)
Replied 07 June 2018

Sir,

Any Builder / Developer sells apartment (generic word for constructed area)...so, it comes only under services? or under goods also?... as it is a composite activity, therefore earlier was subjected to Service Tax & VAT...

Please Clarify,

Thanks.

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (182806 Points)
Replied 08 June 2018

When it is sold after completion certificate........ it is out of ambit of GST, and hence sold as immovable property (or not as service)

But if it is sold during construction, it falls under works contract (service with goods); and the term under GST act is included under (just) 'service' ...