rate of tax

Rate / HSN codes 325 views 16 replies
old waste plastic Scrab
Replies (16)
The rate is reduced to 5% in 22nd GST council meeting. Notification yet to be published.
5% in which date from invoice raised
Please wait for notification to published
Until then old rate 18% is to be collected from recipient as to rate.
but somebody invoice raised 5% from 7 October correct or wrong sir
It's wrong.

However in case the rate is made applicable in forthcoming notification from retrospective dates, then we have to issue a debit note to the recipient.
It's wrong. 

However in case the rate is made applicable in forthcoming notification from retrospective dates, then we have to issue a credit note to the recipient.
ok sir
You are welcome dear farook
hsn code for iron and steel tank it use for storage of diesel and petrol capacity more than 300 litrs
in my client cutting bending of iron sheet what is rate of tax and sac code only Labour charges
hsn code for iron and steel tank is 7309
Code 998519 is used for the Other Employment & Labour Supply Services N.e.c under Services Accounting Codes (SAC Codes) for Goods and Service Tax classification. This service comes under Employment Services Including Personnel Search/referral Service & Labour Supply Service, Section 8 - Business And Production Services. Heading number of this service is 9985 
18% GST Rate for Iron and Steel.


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