Festive Savings Are Here. Get 10% OFF on All CCI Pro Plans. Subscribe Now!

Gst rate and HSN code

1108 views

Save Share

Join Us Follow Us Add as Source

Sadik Shaikh

46 Points Posted on 07 February 2021

Gst rate and HSN code for job work of manufacturing of soft drinks?
please reply.

Replies (2)

Quick Summary

This discussion clarifies the GST rate and HSN code for job work in soft drink manufacturing. The relevant Service Accounting Code (SAC) is 998818, typically falling under beverage manufacturing services. While the general GST rate for services under this SAC might be 18%, aerated beverages themselves are currently subject to the highest GST slab of 28% plus a 12% compensation cess.

Raman Raval

22 Points Posted on 09 February 2021

Tobeco

debora M

BUSINESS DEVELOPMENT MANAGER

1382 Points Posted on 10 February 2021

GST RATE ON SAC CODE - 998818 IS 18%

Services Accounting Codes (SAC Codes) 998818 is used for the Beverage manufacturing services under the Goods and Service Tax classification.

Therefore, the HSN code for job work will be a Service Accounting Code(SAC). Here are some of the services fall under 9988 SAC. You may refer to our GST rate for services table for various types of job work services under GST and their GST rates on the group level.

The aerated beverages are currently placed under the highest GST slab of 28 percent with a compensation cess of 12 percent.