What is the GST rate for job work?

As per facts of the query, both the parties involved (i.e. job-worker & the principal) are registered under GST. Applicable GST rate for such job-work is 12%.

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Metal Works Services Contract - Self-Employed

Sac Code For Works Contract Services In Gst

Name: Sac Code For Works Contract Services In Gst
Brand: US Legal Forms
Rating: 4.65 (284 reviews)

Category:

Employment - Independent Contractors - Building or Skilled Trades

State:

Multi-State

Control #:

US-INDC-166

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Instant download

Description

Employer contracts with an independent contractor metal worker to do blacksmith work, make signs, etc. as agreed to in the contract. Please note that this Agreement is intended for general use. Your state law may require that additional or different provisions be included for agreements between a homeowner and a contractor for work on the home. In this instance, please consult your local law, local government or legal counsel.

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FAQ

SAC Code 9954. Services are classified as per the Services Accounting Code (SAC). The SAC is strictly numeric and is six digits. The first two digits are same for all services i.e. 99, the next two digits represent the major nature of service and the last two digits represent the detailed nature of service.

As per facts of the query, both the parties involved (i.e. job-worker & the principal) are registered under GST. Applicable GST rate for such job-work is 12%.

The SAC code for Job work is 9988.

That's very simple.All you need to do is login to your GST account.Go to REGISTRATION > NON CORE AMENDMENTS.Here you can add o delete or amend the SAC or HSN, which will be approved by the GSTIN automatically.

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SAC code full form is Services Accounting Code. The GST SAC code is applicable for all services provided in India.SAC codes under GST. SAC. Services. Just like immovable property, work contract for a movable property is also a composite supply. However, it is not a supply of service. Example:. SAC refers to Service Accounting Code. This code classifies the services that fall under GST. GST tax on Construction services - 9954 SAC Code and GST rates and 6 digit code. Hence the move to the Harmonised System of Nomenclature (HSN) for goods and the Service Accounting Code (SAC) system for services.

Sac Code For Works Contract Services In Gst

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How do I find the SAC code for a service?

What is the GST rate for job work?

What is the SAC code for job work under GST?

How can I add SAC code in GST portal?

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What does SAC code stand for in the context of GST for works contract services?

Why is it important to use the correct SAC code for works contract services?

How can I find the appropriate SAC code for my works contract services?

Are there different SAC codes for different types of works contract services?

What is the importance of mentioning the correct SAC code on invoices for works contract services?

Can the SAC code for works contract services be changed or updated?

What are the consequences of using an incorrect SAC code for works contract services?

Is there any penalty for using the wrong SAC code for works contract services?

Can I seek professional help to determine the appropriate SAC code for my works contract services?

What should I do if I cannot find a specific SAC code for my unique works contract services?

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