The introduction of the Goods and Services Tax (GST) in India has brought about a significant change in the tax structure of the country. Under GST, all goods and services are classified under different tax slabs, depending on their nature and value. In this article, we will discuss the GST rates and HSN codes for services falling under Chapter 99 of the GST schedule.Chapter 99 includes various services that are classified under different sub-headings. The GST rate and HSN code for each sub-heading may vary, depending on the nature of the service. In the following sections, we will provide a detailed overview of each sub-heading and its corresponding GST rate and HSN code.
Legal servicesLegal services are classified under sub-heading 9901 of Chapter 99. The GST rate for legal services is 18%, and the HSN code is 998212.
Accounting, auditing, and bookkeeping servicesAccounting, auditing, and bookkeeping services are classified under sub-heading 9902 of Chapter 99. The GST rate for these services is 18%, and the HSN code is 998213.
Architectural servicesArchitectural services are classified under sub-heading 9903 of Chapter 99. The GST rate for these services is 18%, and the HSN code is 998314.
Engineering servicesEngineering services are classified under sub-heading 9904 of Chapter 99. The GST rate for these services is 18%, and the HSN code is 998315.
Survey and mapmaking servicesSurvey and mapmaking services are classified under sub-heading 9905 of Chapter 99. The GST rate for these services is 18%, and the HSN code is 998316.
Technical testing and analysis servicesTechnical testing and analysis services are classified under sub-heading 9906 of Chapter 99. The GST rate for these services is 18%, and the HSN code is 998317.
Scientific and research and development servicesScientific and research and development services are classified under sub-heading 9907 of Chapter 99. The GST rate for these services is 18%, and the HSN code is 998319.
Maintenance, repair, and installation servicesMaintenance, repair, and installation services are classified under sub-heading 9908 of Chapter 99. The GST rate for these services is 18%, and the HSN code is 99872.
Other professional, technical, and business servicesOther professional, technical, and business services are classified under sub-heading 9909 of Chapter 99. The GST rate for these services is 18%, and the HSN code is 998349.
Services by way of admission to exhibition of the cinematographic film Services by way of admission to the exhibition of cinematographic films are classified under sub-heading 9997 of Chapter 99. The GST rate for these services is 18%, and the HSN code is 997212.
In conclusion, the GST rates and HSN codes for services falling under Chapter 99 of the GST schedule are essential for small and medium business owners and startup founders to understand. These rates and codes vary depending on the nature of the service, and it is crucial to classify services correctly to ensure compliance with GST regulations. We hope that this article has provided a detailed overview of the GST rates and HSN codes for services under Chapter 99, which will help businesses make informed decisions and avoid any penalties or fines.
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