What is the HSN / SAC code for Goldsmiths ?
Can a Goldsmith opt for GST Composition Scheme ?
What is the rate of GST for Goldsmiths in Regular Scheme ?
What is the rate of GST for Goldsmiths in Composition Scheme ?
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Can a Goldsmith opt for GST Composition scheme ?
Replies (2)
Quick Summary
HSN Code for Goldsmith is 7114
and GST rate will be 3% for Regular (Eligible for ITC)
Can be opt for Composition Scheme
Gst Output liabilty will be 1% (Without ITC and can be collect gst from party)
and GST rate will be 3% for Regular (Eligible for ITC)
Can be opt for Composition Scheme
Gst Output liabilty will be 1% (Without ITC and can be collect gst from party)
7114 is the HSN code for Jewellery items and GST rate is 3% for regular. But I asked for Goldsmith's (Jewellery maker who incomes from Labour Charges) SAC code details, which is 998892 (Jewellery Manufacturing Services). But there is a lot of confusions ?
What is the GST rate for SAC 998892 ?
is SAC 998892 elegible for Composition Scheme ? if yes what is the GST Rate?
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