Postal Courier Services - GST Rates SAC CODE 9968 E-commerce and online shopping have resulted in a massive escalation of the Demand for postal/ Courier Services. For years now, postal and courier services have defined the Indian economy. This article discusses the GST rates and structure along with SAC codes for postal services in India.
GST Rates for Postal and Courier Services Postal and Courier services are included in the transportation category of services under GST. Parcel and postal in India: The GST Council has provided that courier which includes parcel or your goods delivery services would attract 18% tax.
SAC Code for Postal and Courier Services SAC code courier/ postal services- 9968 The postal and courier company use this code to identify the specific service it provides. By SAC code 9968 are covered services that directly deal with the distribution of goods, and also those related to their delivery or transportation.
Types of Postal and Courier Services India has two main types of postal and courier services:
Domestic Courier Services: The purpose of these services is to send packages inside India.
International Courier Services: Packages are sent outside of India using these services.
Domestic Courier Services Within India, packages are sent using domestic courier services. Several companies offer these services, including FedEx, Blue Dart, and DTDC. The cargo's weight, size, destination, and delivery time all affect the cost of domestic courier services.
The following categories can be used to categorize domestic courier services further:
Standard Courier Services: The purpose of these services is to send non-urgent packages inside India. Typically, typical courier services take two to three days to deliver.
Express Courier Services: These services are used for sending urgent packages within India. The delivery time for express courier services is usually 1-2 days.
International Courier Services International courier services are used for sending packages outside India. These services are provided by various companies such as DHL, UPS, and TNT. The charges for international courier services vary depending on the weight and size of the package, the destination, and the delivery time.
International courier services can be further classified into the following categories:
Standard Courier Services: These services are used for sending non-urgent packages outside India. The delivery time for standard courier services is usually 7-10 days.
Express Courier Services: Urgent packages sent outside of India are sent via these services. Express courier services typically take 3-5 days to deliver.
Conclusion The postal courier is an important sector in the economy of India. If you look at the increasing demand for courier and postal services primarily keep growing all around us due to growth in ecommerce/ online shopping etc. This article covered the GST rates and SAC code for postal and courier services in India. We also talked about the wet-market buyers and Deliveroo riders among various other local courier services, as well as international ones.
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