Web24 Nov 2024 · HSN Code for a Works Contract Under GST: According to prior legislation, works contracts included three types of taxable activity. It included both the supply of … Web10 Apr 2024 · Under the GST regime, the need to pay GST on rent arises, when you get an annual rental income of Rs 20 lakhs or more from your service providing business. Earlier, …
Incorporation of Company In Punjab » Legal Window
Web4 Jan 2024 · HSN GST number 99731 Leasing or rental services concerning machinery and equipment with or without operator HSN GST number 99732 Leasing or rental services … cabinet screws square drive
GST HS Code and rates for Shop rent - KnowyourGST
Web5 Jul 2024 · Also read: GST Rate & HSN Code for Iron and steel - Chapter 72. Conclusion. HSN code helps to collect taxes correctly. It is also beneficial for custom agents. Due to … Web13 Aug 2024 · Rental income from residential property has been exempt from GST but earning over Rs 20 lakh annually from renting or leasing for commercial purposes would attract the levy, so house property is let-out for shop or office or for commercial purposes, no GST will be levied up to Rs 20 lakh. WebHSN codes are used in India to streamline trade, and make it easier to check and calculate the GST rate that’s payable on any item. Anyone is able to find the GST rate for their products using the HSN code, making trade faster and simpler. It’s also mandatory to use the right HSN codes when filing GST returns so that payments can be verified. cabinet screwdriver