996751
Port and waterway operation services (excluding cargo handling) such as operation services of ports, docks, light houses, light ships and the like
Tax Calculator for 996751
E-Way Bill Rules
For port and waterway operation services (excluding cargo handling) such as operation services of ports, docks, light houses, light ships and the like, 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:
Why is RCM Applicable?
Since this is a specific category (likely Transport or Legal), the recipient pays the tax directly.
How Reverse Charge (RCM) Works
Can I claim ITC?
Yes, if used for business. This reduces your final cash liability.
Input Tax Credit (ITC) Logic
Compliance & Validation
HSN 996751 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 (9967) is sufficient for B2B invoices.
Ensure that you charge 0% CGST and 0% SGST for intra-state supplies of port and waterway operation services (excluding cargo handling) such as operation services of ports, docks, light houses, light ships and the like. For inter-state supplies, the full 0% IGST applies.
Frequently Asked Questions
Q: What is the GST Rate for HSN Code 996751?
The GST rate for HSN Code 996751 (Port and waterway operation services (excluding cargo handling) such as operation services of ports, docks, light houses, light ships and the like) is 0%.
Q: Is HSN 996751 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 Port and waterway operation services (excluding cargo handling) such as operation services of ports, docks, light houses, light ships and the like?
Multiply the taxable value by 0. For ₹1000 value, GST is ₹0.
Q: Does Reverse Charge (RCM) apply?
Yes, RCM typically applies if purchased from unregistered suppliers.
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