Disclaimer: The content of this article does not constitute professional or legal advice, we are not responsible for any damages resulting from your access to the content of the site and may not be used as a substitute for legal advice from an attorney in your jurisdiction. CARajput is part of India`s leading digital compliance services platform, dedicated to helping people start and grow their businesses. We started with the goal of making it easier for start-ups to start. Our main goal is to help the businessman comply with applicable laws and regulations and to provide support at all levels to ensure that the business remains compliant and continues to grow. For any questions, assistance or comments, you can contact singh@carajput.com or call or what`s new at 9-555-555-480 The GST Council has established GST for legal, accounting and professional services. The GST rate for services is less than 0% or 5% or 12%, 18% or 28%. The GST rate is determined based on the SAC code or the Service Accounting Code, a service classification system developed by the Service Tax Department. In this article, we look at the SAC code and GST rate for legal, accounting and professional services in India. Professionals classified as GST subject must obtain GST registration. The SAC code for tax advice and preparation is: What is the ITC for a tax advisor or a GST practitioner who is not a chartered accountant or lawyer and not even a professional accountant? The complete form of the HSN code is the harmonised nomenclature system. It was introduced by the World Customs Organization (WCO) in 1988. This is a 6-digit code that separates different products.

India has used HSN codes since 1986 to separate customs and central excise products. Currently, HSN codes apply to customs and GST. Tariff codes are also used for GST purposes. The ITC code for other professional, technical and business services is as follows: The current HSN code contains 21 sections. These are divided into 99 chapters, which are divided into 1244 sections. This program helps simplify the GST and make it more widely accepted. HSN codes for six-digit goods are common worldwide. Standard HSN codes apply to customs and GST. Codes deducted from tariffs are used for GST purposes. For tax purposes, the HS code is determined by subject (4 HS digits), subheadings (6 HS digits) and tax items (8 digits).

IndiaFilings.com is committed to helping entrepreneurs and small business owners start, manage and grow their businesses at an affordable price. Our goal is to educate the entrepreneur on legal and regulatory requirements and to be a partner throughout the business lifecycle, supporting the business every step of the way to ensure it is compliant and continuously growing. Disclaimer: The above prices will be updated to the best of our information up to the GST (rate) Communication No. 05/2020 of October 16, 2020. HSN code information was obtained from master codes published in the NIC`s GST electronic invoice system. There may be discrepancies due to government updates. Please note that we are not responsible for incorrect information. If you need information on the « effective date » of each GST or VAT rate, please visit the CBIC website. Do more than just check HSN/SAC codes with ClearTax GST, India`s most reliable invoicing and GST solution, where reconciliation is simplified with smart validations and built-in tools. Service accounting codes (SAC codes) 998216 is used for other legal services n.e.c. under the Goods and Services Tax classification. Services Accounting Code (SACs) are used to identify the service.

This service is part of the legal and accounting services. SAC 998211 Code – Criminal Legal Advice and Representation. SAC 998212 Code – legal advice and representation in other areas of law. SAC 998213 Code – Legal documentation and certification of patents, copyrights and other intellectual property rights. SAC 998214 Code – Legal documentation and certification services for other documents. SAC 998215 Code – Arbitration and Conciliation Services SAC 998216 Code – Other Legal Services The following list includes the Service Accounting Code (SAC) and products. You can check the GST tax that applies to your services. To check the 6-digit SAC codes, please search at the bottom of this page. You can check the 6-digit code as well as the service details. Legal services provided by a lawyer, law firm or arbitral tribunal to a person other than a commercial entity or commercial entity with a turnover not exceeding 20 lakhs (10 lakhs rupees in some states) are exempt from GST. Electronic invoicing under GST? | Electronic invoicing? | Learn all about electronic GST invoicing. The next two digits 82 in this case represent the main type of service, legal and accounting services.

Answer – Tax advice and preparation falls under SAC 99823, the tax rate is 18%. Click here to learn more about the ISC code and GST rate for cleaning services Calculate monthly pension and tax benefits via the NPS Cleartax calculator A uniform format is used to generate the Service Accounting Code. SAC Code 998391 – Special Design Services, including Interior Design, Fashion Design, Industrial Design and Other Special Design Services SAC Code 998392 – Design Originals SAC 998393 Code – Scientific and Technical Advice SAC Code 998394 – Original compilations of facts/information SAC Code 998395 – Translation and interpretation services SAC Code 998396 – Trademarks and Franchises SAC Code 998397 – Sponsorship and Services SAC Code Branding 998399 – Other professionals, technical and business services. Types of GST returns: What is a GST return? | All GST returns| Types of GST returns and due dates You are not logged in. Please log in to post answers Click here to log in Upasana Gupta (Finance Professional) (3931 points) Answer on August 16, 2017. Rajput Jain & Associates has been in the business services industry for over five decades. We have been able to drive growth through the modern era of technology, which incorporates the highest ethical and professional values. From registering businesses to solving complex business problems, we have enhanced our expertise over the decades. The advice of our leaders has helped budding entrepreneurs solve their most compelling problems. We offer a full range of business solutions to increase our clients` efficiency, from tax advice to new GST developments.