what is the HSN code for goods transport freight charges and water transport freight charges and the gst rate for that, shall I but in my bill 5% or 12% what is difference between those two rates kindly clarify
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Quick Summary
This discussion clarifies the HSN codes and GST rates applicable to goods transport and water transport freight charges. It explains the difference between the 5% and 12% GST rates, highlighting that the 5% rate prevents ITC credit claims, while the 12% rate allows for it. The correct HSN code 99651 with a 5% GST rate is identified for goods transport.