HSN SAC Code for Costume and Clothing Rental Services

Are you involved in the rental services of costumes, clothing, and accessories? Do you want to know the correct HSN SAC code for your business? In this article, we will discuss the HSN SAC code for costume and clothing rental services and provide you with a comprehensive guide to help you navigate the complexities of GST and billing codes.

As a business owner, it is essential to understand the GST rules and regulations to avoid any penalties or fines. The GST Council has introduced a new rule, which requires businesses to mention the HSN or SAC code on their invoices. This rule applies to businesses with an annual turnover of ₹5 crores and above.

HSN SAC Code for Outright Sale of Goods

The HSN SAC code for outright sale of goods is as follows:

• Costumes (Knitted/Stretchable): 6114 (5% or 18% GST)
• Costumes (Non-Knitted/Woven): 6211 (5% or 18% GST)
• Imitation Jewellery: 7117 (3% GST)
• Wigs & Hair Extensions: 6704 (18% GST)
• Hats & Headgear: 6505 (18% GST)
• Goggles/Sunglasses: 9004 (18% GST)

You can use billformat.in to create professional bill templates that include the correct HSN SAC code.

HSN SAC Code for Rental Services

The HSN SAC code for rental services is as follows:

• Rental of Costumes & Apparels: 997326 (18% GST)
• Rental of Props & Carnival Equipment: 997324 (18% GST)
• Rental of Jewellery & Misc Accessories: 997329 (18% GST)

Tools like rentsoftware.in help businesses manage rental billing and ensure compliance with GST regulations.

When generating a rent invoice, you can use rentbill.in to create a professional rent bill that includes the correct HSN SAC code.

As a business owner, it is crucial to maintain accurate records of your rental services and generate rent invoices with the correct HSN SAC code to avoid any penalties or fines.

Conclusion

In conclusion, the HSN SAC code for costume and clothing rental services is a crucial aspect of GST compliance. By understanding the correct HSN SAC code for outright sale of goods and rental services, you can ensure compliance with GST regulations and avoid any penalties or fines. Remember to use tools like recurringinvoice.in for recurring invoices and rentinvoice.in for rent invoices to manage your rental billing efficiently.