998715
Maintenance and repair services of transport machinery and equipment other than those covered by 998713 & 998714
Tax Calculator for 998715
E-Way Bill Rules
For maintenance and repair services of transport machinery and equipment other than those covered by 998713 & 998714, the E-Way Bill threshold is ₹50,000. Since the rate is 18%, you must generate a bill if the Taxable Value exceeds ₹42,372.
Example Calculation
- Base Value: ₹42,372
- + GST (18%): ₹7,626.96
- 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 998715 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 (9987) is sufficient for B2B invoices.
Ensure that you charge 9% CGST and 9% SGST for intra-state supplies of maintenance and repair services of transport machinery and equipment other than those covered by 998713 & 998714. For inter-state supplies, the full 18% IGST applies.
Frequently Asked Questions
Q: What is the GST Rate for HSN Code 998715?
The GST rate for HSN Code 998715 (Maintenance and repair services of transport machinery and equipment other than those covered by 998713 & 998714) is 18%.
Q: Is HSN 998715 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 Maintenance and repair services of transport machinery and equipment other than those covered by 998713 & 998714?
Multiply the taxable value by 0.18. For ₹1000 value, GST is ₹180.
Q: Does Reverse Charge (RCM) apply?
No, standard Forward Charge applies.
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