Gst On Storage And Warehousing Services

Sac services accounting code are used for the identification of the service.

Gst on storage and warehousing services. Services accounting codes sac codes 996729 is used for the other storage and warehousing services under goods and service tax classification. This service comes under heading supporting services in transport. A uniform format is followed to generate. 102 storage and warehousing includes storage and warehousing services for goods including liquids and gases but does not include any service provided for storage of agricultural produce or any service provided by a cold storage i mean to say agriculture produce was exempted for storage and warehouse in pre gst era and gst regime.

Description of output services gst rate itc credit 1. The above information is about gst rate for storage and warehousing services. Further storage warehousing of tea post procurement blending and packing undertaken by m s unilever is exempted under e. The appellate authority for advance ruling aaar maharashtra has upheld the order of the advance ruling authority and held that the warehouse services used for packaging and storage of tea are not exempted from gst.

How services accounting codes sac codes 996729 is derived. 54 e of the notification no. 2 this is provided under section 21 3 g of the gst act. Based on this understanding applicant had neither taken gst registration nor discharged the gst liability.

Cargo handling service 18 full itc credit allowed 3. Storage and warehousing of agricultural produce has been exempted from gst clearly with the intent to reduce the tax burden on the farming sector. The appellants obtained the license for carrying out the business of warehousing under the bombay warehousing act 1959. Specialised warehouse scheme and zero rating of supplies second edition published on 23 oct 2012.

The applicant is hiring a godoum of central warehousing corporation belgaum and paying storage charges for the agreed space for storage. Security detective agency service 18 full itc credit allowed 4. 12 2017 ct rate dated 28 6 2017. This post is being updated with latest changes in gst rate for storage services for liquid goods update on latest gst notification on storage services for goods and amendments related to gst on warehouse service for goods etc.

B whether the services falls under sac 998619 the exemption under notification no 12 2017 central tax rate dated 28 06 2017 under entry no 54 e is applicable to both farmers and traders. Storage and warehousing of agriculture produce falls under service account code sac 9986 and not under 9967. 3 the qualifying services can be performed by the operator of the approved specialised warehouse or other gst registered. Storage and warehousing services 18 full itc credit allowed 2.

This is a continuation of the earlier exemption of service tax for these services however while issuing. Is it liable to pay gst on total storage charges or is it liable to pay cst on taxable storage food commodities like palm oil etc.