Hsn/sac for ornament making charges
This query is : Resolved
CA R SEETHARAMAN
(Expert)
25 July 2017
SAC code 99889.....................,
26 July 2017
but while registering ... sac code not accepted ... they accept only service tax accounting codes ...
28 July 2024
For the making charges of ornaments, the Goods and Services Tax (GST) applies, and the Harmonized System of Nomenclature (HSN) code or Services Accounting Code (SAC) relevant to this can vary based on the specific services provided.
**1. HSN Code:**
- **For gold or silver jewelry making:** HSN code 7113 typically covers jewelry of precious metals. However, making charges may not have a specific HSN code and are generally part of the overall supply of the jewelry.
**2. SAC Code:**
- **For services related to ornament making:** The appropriate SAC code is likely 9997, which covers "Other services" not specifically classified elsewhere, and may apply to making charges for ornaments.
**GST Rate:**
- The GST rate on making charges for ornaments (jewelry) typically falls under the **3%** category. This rate is subject to change based on updates in tax laws, so it's always a good idea to consult the latest notifications or a tax professional for the most current information.
If you're involved in this kind of business or service, make sure to stay updated with GST notifications and clarifications from the tax authorities to ensure compliance.
**1. HSN Code:**
- **For gold or silver jewelry making:** HSN code 7113 typically covers jewelry of precious metals. However, making charges may not have a specific HSN code and are generally part of the overall supply of the jewelry.
**2. SAC Code:**
- **For services related to ornament making:** The appropriate SAC code is likely 9997, which covers "Other services" not specifically classified elsewhere, and may apply to making charges for ornaments.
**GST Rate:**
- The GST rate on making charges for ornaments (jewelry) typically falls under the **3%** category. This rate is subject to change based on updates in tax laws, so it's always a good idea to consult the latest notifications or a tax professional for the most current information.
If you're involved in this kind of business or service, make sure to stay updated with GST notifications and clarifications from the tax authorities to ensure compliance.
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