998950
Other manufacturing services, publishing, printing and reproduction services, materials recovery services nowhere else classified
Tax Calculator for 998950
E-Way Bill Rules
For other manufacturing services, publishing, printing and reproduction services, materials recovery services nowhere else classified, 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 998950 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 (9989) is sufficient for B2B invoices.
Ensure that you charge 9% CGST and 9% SGST for intra-state supplies of other manufacturing services, publishing, printing and reproduction services, materials recovery services nowhere else classified. For inter-state supplies, the full 18% IGST applies.
Frequently Asked Questions
Q: What is the GST Rate for HSN Code 998950?
The GST rate for HSN Code 998950 (Other manufacturing services, publishing, printing and reproduction services, materials recovery services nowhere else classified) is 18%.
Q: Is HSN 998950 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 Other manufacturing services, publishing, printing and reproduction services, materials recovery services nowhere else classified?
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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