Search results
- The HSN Code for building construction with materials is 9954. If you’re making bills for job work, it’s important to break down the construction and material portions separately. In simple terms, HSN code 9954 covers all kinds of building and construction work.
Jun 25, 2024 · GST Rate and HSN Code on Construction Work with Materials: Are you dealing in construction wanting to understand the intricacies of GST application on construction work? Read this article to know more.
People also ask
What is the HSN code for construction?
What is the GST rate for building materials in India?
What is the GST rate for construction services?
What is the HSN code for steel building materials?
Apr 30, 2024 · Typically, construction services are subject to an 18% GST rate, yet exceptions exist. Affordable housing projects incur a minimal 1% GST rate, while certain infrastructure endeavours like roads and bridges bear a 5% GST rate.
Use ClearTax HSN Calculator to find out the HSN code for your product. Our ClearTax GST Software has all the HSN codes inbuilt. You need to select the items you sell only once in the Item Master.
ChapterCommoditiesChapter 1AnimalsChapter 2Meat and edible offalChapter 3Fish, molluscs, crustaceans, and other ...Chapter 4Dairy produce, birds' eggs, honey and ...Feb 13, 2024 · Updated GST rates (2024) on construction materials: Know about the revised GST applicable on cement, bricks, sand, their shipping and real estate projects
- Research Analyst
- 2 min
- Construction services attract a GST of 18 percent. Read More...
- GST rate for iron and steel is 18 percent. Read More...
- Cement attracts a GST of 28 percent. Read More...
- Yes, GST rate of 12 percent with ITC has been notified vide Notification No. 02/2022-Integrated Tax (Rate) Read More...
- Yes, GST rate is fixed at 5 percent on sand. Read More...
The HSN Code for building construction with materials is 9954. If you’re making bills for job work, it’s important to break down the construction and material portions separately. In simple terms, HSN code 9954 covers all kinds of building and construction work.
May 17, 2023 · GST on Construction and Building Materials. When purchasing building and construction materials in India, builders must pay the four-tiered GST tax. Construction and building supplies have a prevalent GST rate that ranges from 5% to 28%.
Jan 23, 2024 · As of the September 2021 cut-off date, residential properties are subject to a 5% GST rate, whereas commercial assets are subject to an 18% GST rate with Input Tax Credit. Input Tax Credit (ITC) in Construction: An Important Factor.
