What is GST?

GST is a single tax on the supply of goods and services, right from the manufacturer to the consumer. Credits of input taxes paid at each stage will be available in the subsequent stage of value addition, which makes GST essentially a tax only on value addition at each stage. hsn code for printing design The final consumer will thus bear only the GST charged by the last dealer in the supply chain, with set-off benefits at all the previous stages HSN codes for an advertising agency.

Goods and Service Tax (GST) rate tariff in India is designed in 6 categories of goods and services.  Four main GST rate slabs framed with Essential goods and services, Standard goods and services and luxury goods and services with 5%, 12%, 18% and 28% respectively.  Commonly used Goods and Services at 5%, Standard Goods, and Services fall under the 1st slab at 12%, Standard Goods and Services fall under 2nd Slab at 18% and Special category of Goods and Services including luxury – 28%.

An essential goods and services attract nil rate of GST under Exempted Categories.Luxury goods and services and certain specific goods and services attract additional less than 28% GST.

In India, GST for Graphic Design,  Printing  & Advertising Agency Service is expected to be imposed.  However, some of the categories of business services fall under Advertising Agency services are exempted from paying GST.  Please verify with Exemption list of GST, once after releasing from the authorities.

GST : HSN Code for Printing & Advertising Agency

Note’s* Above all details of GST HSN rates for graphic design & advertising agency are latest updates. If there are any changes occurs we will keep you update. And if you have any information about new HSN codes or corrections in our above list then, please inform us by Email: info@abhishek.info or WhatsApp: +91-9377072211

Source: www.cybex.in/HS-Codes/