Our team of experienced GST tax advisors dedicated to providing comprehensive solutions for businesses of all sizes in Delhi/NCR. We understand the challenges associated with GST compliance, and we’re here to help you streamline your processes, save time, and avoid costly mistakes.
Our GST Services:
GST Registration & Renewals: We handle the entire GST registration process, ensuring your business meets all requirements and obtains a GST registration number efficiently.
GST Return Filing: Our experts ensure accurate and timely filing of your GSTR forms, including GSTR-3B, GSTR-9, and others. We keep you informed of upcoming deadlines and any changes in regulations.
GST Compliance Management: We provide ongoing support to help you maintain GST compliance. This includes guidance on record-keeping, invoice generation, input tax credit (ITC) claims, and more.
GST Advisory Services: We offer expert advice on various GST-related issues, such as rate determination, place of supply, and applicability of GST on specific transactions.
Benefits of Choosing The Business Scroll:
Experienced Professionals: Our team comprises qualified GST tax advisors with a deep understanding of GST regulations and procedures.
Personalised Service: We take the time to understand your unique business needs and provide tailored solutions.
Accuracy and Efficiency: We ensure your GST matters are handled with meticulous accuracy and efficiency, saving you valuable time and resources.
Cost-Effective Solutions: Our fees are competitive, and we offer flexible engagement models to suit your budget.
Proactive Communication: We keep you informed of any updates or changes that may impact your GST compliance.
Don’t navigate the complexities of GST alone. Let our experts guide you towards simplified compliance.
GST Tax Rates
Here is a table of GST tax rates on various products and categories in India as of 2024:
| Product/Category | GST Rate |
|---|---|
| Basic Essentials | |
| Milk, Eggs, Curd, Lassi, Unpacked foodgrains, Paneer | 0% |
| Domestic LPG, Coffee (except instant), Sugar, Cashew Nuts | 5% |
| Processed Food and Beverages | |
| Butter, Ghee, Almonds, Fruit Juice, Processed Food | 12% |
| Ice-cream, Pasta, Soups, Packed Coconut Water | 18% |
| Consumer Goods | |
| Hair Oil, Toothpaste, Soap, Corn Flakes, Toiletries | 18% |
| Computers, Printers, Capital Goods | 18% |
| Small cars (with additional cess of 1% or 3%) | 28% |
| High-end motorcycles (with additional 15% cess) | 28% |
| Consumer Durables (AC, Fridge) | 28% |
| Luxury and Sin Items (e.g., BMWs, cigarettes, aerated drinks with additional 15% cess) | 28% |
| Services | |
| Court-related services, Entrance exam fees organized by NTA | Exempt |
| Renting of truck or goods carriage including the fuel cost | 12% |
| Transportation of goods and passengers by ropeways | 5% |
| Healthcare and Medical | |
| Ostomy Appliances, Orthopedic appliances | 5% |
| Import of Diethylcarbamazine (DEC) pills | Exempt |
| Industrial and Intermediate Goods | |
| Coal rejects, Pencil sharpener, Data loggers | 18% |
| Miscellaneous | |
| Solar water heaters, Renewable energy devices | 12% |
| Job work related to leather, clay brick manufacturing | 12% |
| Tetra packs, Ink for writing, drawing, and printing, Dairy machinery | 18% |
GST codes (HSN and SAC)
Here is a table fo GST codes (HSN and SAC) and their respective descriptions:
| HSN Code | Description | GST Rate |
|---|---|---|
| 01-05 | Live animals, animal products | 0-5% |
| 06-14 | Vegetable products | 0-5% |
| 15 | Animal or vegetable fats and oils | 5-12% |
| 16-24 | Prepared foodstuffs; beverages, spirits, and vinegar | 5-28% |
| 25-27 | Mineral products | 5-18% |
| 28-38 | Chemical products | 5-28% |
| 39-40 | Plastics and rubber articles | 5-28% |
| 41-43 | Raw hides, skins, and leather | 5-28% |
| 44-46 | Wood and wood products | 5-18% |
| 47-49 | Pulp of wood, paper, and paperboard | 5-18% |
| 50-63 | Textiles and textile articles | 5-12% |
| 64-67 | Footwear, headgear | 5-18% |
| 68-70 | Articles of stone, plaster, cement, asbestos, mica | 5-28% |
| 71 | Natural or cultured pearls, precious stones | 3% |
| 72-83 | Base metals and articles of base metal | 5-18% |
| 84-85 | Machinery, mechanical appliances, electrical equipment | 5-28% |
| 86-89 | Vehicles, aircraft, vessels, and associated transport equipment | 5-28% |
| 90-92 | Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments | 5-18% |
| 93 | Arms and ammunition | 18% |
| 94-96 | Miscellaneous manufactured articles | 5-28% |
| 97 | Works of art, collectors’ pieces and antiques | 12% |
| SAC Code | Description | GST Rate |
|---|---|---|
| 9954 | Construction services | 12-18% |
| 9983 | Support services to agriculture, hunting, forestry, fishing, mining, and utilities | 18% |
| 9986 | Education services | Exempt |
| 9987 | Health care services | Exempt |
| 9988 | Services provided by local authorities | Exempt |
| 9991 | Public administration and other services provided to the community as a whole | Exempt |
| 9992 | Education services | 18% |
| 9993 | Human health and social care services | 18% |
| 9994 | Sewage and waste collection, treatment, and disposal and other environmental protection services | 18% |
| 9995 | Services of membership organizations | 18% |
| 9996 | Recreational, cultural, and sporting services | 18% |
| 9997 | Other services | 18% |
These HSN and SAC codes help in the classification of goods and services under GST, facilitating the tax process and ensuring proper tax rate application. For detailed information and updates, you can refer to the official GST portal.
Get in Touch Today!
Call us on: +91-9899988538 and schedule a free consultation with our GST tax advisors to discuss your specific needs and learn how we can help you achieve GST compliance with ease.