GST rate on storage and warehouse
This query is : Resolved
18 January 2021
What is the rate of GST and HSN code on warehouse/godown rent for storing of raw jute.
07 July 2024
The rate of GST and the HSN code applicable for warehouse or godown rent for storing raw jute are as follows:
1. **Rate of GST:**
- The GST rate applicable for renting of warehouses or godowns for storage of raw jute falls under the category of services related to storage and warehousing services. As per GST, these services are taxed at 18% GST rate.
2. **HSN Code:**
- The relevant HSN (Harmonized System of Nomenclature) code for services related to storage and warehousing is 998599. This code pertains to "Other support services nowhere else classified," which includes services such as storage and warehousing services.
### Summary:
- **GST Rate:** 18%
- **HSN Code:** 998599 (Other support services nowhere else classified)
When renting a warehouse or godown for storing raw jute, the provider of the storage service should charge GST at 18% on the rent amount and appropriately mention the HSN code 998599 on the invoice for proper GST compliance.
1. **Rate of GST:**
- The GST rate applicable for renting of warehouses or godowns for storage of raw jute falls under the category of services related to storage and warehousing services. As per GST, these services are taxed at 18% GST rate.
2. **HSN Code:**
- The relevant HSN (Harmonized System of Nomenclature) code for services related to storage and warehousing is 998599. This code pertains to "Other support services nowhere else classified," which includes services such as storage and warehousing services.
### Summary:
- **GST Rate:** 18%
- **HSN Code:** 998599 (Other support services nowhere else classified)
When renting a warehouse or godown for storing raw jute, the provider of the storage service should charge GST at 18% on the rent amount and appropriately mention the HSN code 998599 on the invoice for proper GST compliance.
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