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- 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.
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Mar 7, 2024 · GST Rates & HSN Codes for Cement, Plaster, Building Materials - Sand lime bricks or Stone inlay work, Statues, statuettes, pedestals, Carved stone products - Chapter 68.
- Applicability of GST on Construction
- GST Rate and HSN Code For Construction Activities
- ITC Availability on GST Paid During Construction
GST is applicable to construction activities in India, whether it is private construction, commercial construction, or construction of flats/society. In other words, any property under construction which is intended for sale is considered a supply of service and, therefore, liable for GST. The ready-for-sale properties do not attract any GST. GST i...
GST rate and HSN code for different types of construction activities in India: *After reducing the 1/3rd towards land component from 1.5%, 7.5% and 18%. However, there are certain conditions that you need to fulfill to avail of the scheme. Read more.
As per section 17 (5), clauses (c) and (d) of the CGST Act, ITC is not available in the following cases - 1. If the expenses are incurred on work contract services for constructing an immovable property except expenses on input services for completing the supply of work contract services, such expenses are not eligible for ITC. 2. ITC cannot be cla...
Dec 23, 2022 · The proposed GST shall improve the ease of doing business in India and reducing tax burden by eliminating or integrating many of the tax codes. In this article, let us look at the GST rate for building materials like cement, bricks, tiles, iron, steel and other materials used in construction.
Nov 28, 2023 · The HSN Code for Building Construction with material is also 9954. However, if the bills are to be prepared as job work, then it should contain detailed breakdown of the construction working portion and material used portion. Here is the table HSN Code for Construction Material.
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...
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. Once you are done, your HSN code will be automatically populated in all your invoices and returns.
Apr 30, 2024 · Check out the accurate GST rate and HSN code for construction services to avoid legal complications. Also, we mentioned material slab rates.
