New Classification- All Codes (Tariff Heading) of Services Under GST

In earlier the Service Tax Law, the classification was based on service accounting codes for each service. The Government has notified the new system for classification of services under GST Law similar to HSN based classification of Goods. In the new system, the services are classified in the four-layered hierarchy – 1. Section  2. Heading  3. Read more about New Classification- All Codes (Tariff Heading) of Services Under GST[…]

All About Reverse Charge Mechanism Under GST

Similar to the current provisions under Service Tax, even GST Law provides for payment of tax under reverse charge (i.e. the receiver has to pay the tax as opposed to a supplier). Persons who are required to pay tax under the reverse charge shall obtain registration irrespective of the turnover. Central Government has the power to Read more about All About Reverse Charge Mechanism Under GST[…]

GST Rates & HSN on Live trees and Other Plants (Chapter 6) – Exempted

GST Rate: Live trees and other plants; bulbs, roots and the like; cut flowers and ornamental foliage) All Goods under this chapter are chargeable to Nil Rate of Tax i.e. exempted HSN Codes (Tariff Heading) for Chapter 6 HSN Code Description of Goods     06011000 BULBS, TUBERS, TUBEROUS ROOTS, CORMS, CROWNS AND RHIZOMES, DORMANT, Read more about GST Rates & HSN on Live trees and Other Plants (Chapter 6) – Exempted[…]

GST Rates & HSN Code For Products of Animal origin (Chapter 5)

GST Rates on Products of animal origin, not elsewhere specified or included (Chapter 5) Nil Rate Products (Exempted Items) 1. Human hair, unworked, whether or not washed or scoured; waste of human hair [0501] 2. Semen including frozen semen [0511] 5% Rate Products All goods not specified elsewhere 1. 0502 Pigs’, hogs’ or boars’ bristles Read more about GST Rates & HSN Code For Products of Animal origin (Chapter 5)[…]

GST Rates & HSN For Dairy Produce, bird’s eggs, natural honey etc. (Chapter 4)

GST Rates – Dairy Produce; bird’s eggs; natural honey; edible products of animal origin, not elsewhere specified (Chapter 4) Nil Rate Products (Exempted Items) 1. Fresh milk and pasteurised milk, including separated milk, milk and cream, not concentrated nor containing added sugar or other sweetening matter, excluding Ultra High Temperature (UHT) milk [0401] 2.Eggs Birds’ Read more about GST Rates & HSN For Dairy Produce, bird’s eggs, natural honey etc. (Chapter 4)[…]

GST Rates & HSN For Fish, & Other Aquatic Invertebrates (Chapter 3)

GST Rates On Fish, crustaceans, molluscs & other aquatic invertebrates (Chapter 3) Nil Rate Products (Exempted Items) Fish seeds, prawn/shrimp seeds whether or not processed, cured or in frozen state All goods, other than processed, cured or in frozen state 0301 Live fish. 0302 Fish,  fresh or chilled, excluding fish fillets and other fish meat Read more about GST Rates & HSN For Fish, & Other Aquatic Invertebrates (Chapter 3)[…]

GST Rates & HSN For Meat Products and Edible Meat Offal (Chapter 2)

GST Rates for Meat and Edible Meat Offal (Chapter 2) Nill Rate Products (Exempted Items) All goods other than in frozen state and put up in unit containers. 0201  Meat of bovine animals, fresh and chilled. 0203 Meat of swine, fresh or chilled. 0204 Meat  of sheep or goats, fresh or chilled. 0205 Meat of Read more about GST Rates & HSN For Meat Products and Edible Meat Offal (Chapter 2)[…]

GST Rates & HSN For Live Animals (Chapter 1)

GST Rates on Live Animals (Chapter 1) Nil Rate Products (Exempted Items) All goods other than live horses: 0101  Live asses, mules and hinnies 0102 Live bovine animals 0103 Live swine 0104 Live sheep and goats 0105 Live poultry, that is to say, fowls of the species Gallus domesticus, ducks, geese, turkeys and guinea fowls. 0106 Other Read more about GST Rates & HSN For Live Animals (Chapter 1)[…]