995427
General construction services of waterways, dams, water mains and lines, irrigation and other waterworks including repair, alterations, additions, replacements, renovation, maintenance or remodeling of the buildings
Tax Calculator for 995427
E-Way Bill Rules
For general construction services of waterways, dams, water mains and lines, irrigation and other waterworks including repair, alterations, additions, replacements, renovation, maintenance or remodeling of the buildings, the E-Way Bill threshold is ₹50,000. Since the rate is 0%, you must generate a bill if the Taxable Value exceeds ₹50,000.
Example Calculation
- Base Value: ₹50,000
- + GST (0%): ₹0
- Total Invoice: ~₹50,000
Invoice Example
Breakdown for a sample invoice value of ₹1,000:
Can I claim ITC?
Yes, if used for business. This reduces your final cash liability.
Input Tax Credit (ITC) Logic
Compliance & Validation
HSN 995427 falls under Chapter 99. It is mandatory to mention this code on invoices if your annual turnover exceeds ₹5 Crore. For turnover below ₹5 Crore, mentioning the 4-digit code (9954) is sufficient for B2B invoices.
Ensure that you charge 0% CGST and 0% SGST for intra-state supplies of general construction services of waterways, dams, water mains and lines, irrigation and other waterworks including repair, alterations, additions, replacements, renovation, maintenance or remodeling of the buildings. For inter-state supplies, the full 0% IGST applies.
Frequently Asked Questions
Q: What is the GST Rate for HSN Code 995427?
The GST rate for HSN Code 995427 (General construction services of waterways, dams, water mains and lines, irrigation and other waterworks including repair, alterations, additions, replacements, renovation, maintenance or remodeling of the buildings) is 0%.
Q: Is HSN 995427 eligible for Input Tax Credit (ITC)?
ITC availability is classified as 'eligible'. Generally, businesses can claim ITC unless used for personal consumption or blocked under Section 17(5).
Q: How to calculate GST amount for General construction services of waterways, dams, water mains and lines, irrigation and other waterworks including repair, alterations, additions, replacements, renovation, maintenance or remodeling of the buildings?
Multiply the taxable value by 0. For ₹1000 value, GST is ₹0.
Q: Does Reverse Charge (RCM) apply?
No, standard Forward Charge applies.
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