WebStart Your Business. Starting a Business was never so Easy. Register your business today. WebThe GST rate on labour charges differs from the work that you do. Under GST, the labour contract is classified into two types and they are as follows: 1. A Contract That Consists of Just Two Labour Services-Under GST on labour charges, this type of contract is known as the pure labour contract. In this type of contract, the service supplier is ...

SAC (Services Accounting Codes) List & GST Rates on …

Web23 rows · Heading 9954 - Construction Services, GST Tax Rate and SAC. Below list … WebThe SAC Code System is planned and maintained by the Service Tax Department of India. The GST rates for services are classified into 5 slabs - 0%, 5%, 12%, 18% and 28%. For services in India that are not exempted from GST or for services where GST rates are not mentioned, the default GST rate of 18% will be applicable. passaic river at pine brook nj

HSN Code 732690 - HS codes of Articles of iron or steel, nes

WebGoods are categorised using the HSN Code, while services are categorised using the SAC Code. GST rates have been set in five classes called slabs which are predicated on the HSN or SAC codes. These five slabs are: NIL, 5%, 12%, 18%, and 28%. What is GST and What Are GST Rates WebSince you are constructing residential building the effective rate of GST would be 12% (i.e. 18% less 1/3rd is considered as value of land and so no GST on same) And SAC Code … WebDec 2, 2024 · SAC Code 995411: Residential building construction services for single-family homes, multi-family homes, or buildings with multiple stories. SAC Code 995412: construction services for other types of … passaic rotary club