The HSN code 996791 refers specifically to Goods transport agency services for road transport.
Understanding HSN Code 996791
HSN Code 996791 is a specific classification under the Harmonized System of Nomenclature (HSN), which is an internationally recognized system for classifying goods and services. While HSN primarily covers goods, a similar classification system called Services Accounting Code (SAC) is used for services, particularly in countries like India for Goods and Services Tax (GST) purposes. This particular code, 996791, falls under the broad category of "Support services in transport."
Scope of Services
HSN code 996791 precisely identifies services provided by a Goods Transport Agency (GTA) that involve the road transport of goods. This includes a range of activities associated with the movement of goods from one place to another via road, where the agency is responsible for the transport.
Examples of services covered by HSN 996791 typically include:
- Freight forwarding services: Organizing and managing the transport of goods on behalf of a consignor.
- Logistics services: Services related to the transportation and handling of goods by road.
- Courier services (for goods): Services involving the quick and efficient delivery of packages or parcels by road.
- Trucking services: The direct transport of goods using trucks or other road vehicles.
Importance for Businesses
For businesses, particularly in countries where GST or similar tax regimes are in place, understanding HSN codes like 996791 is crucial for:
- Tax Compliance: Proper classification ensures correct application of tax rates (e.g., GST rates on services).
- Invoicing: Businesses must mention the relevant HSN/SAC code on their invoices for transparency and compliance.
- Input Tax Credit (ITC): Correct classification helps businesses avail eligible input tax credits.
- Data Reporting: Accurate coding is essential for financial reporting and regulatory submissions.
HSN Code 996791 at a Glance
For clarity, here's a summary of HSN code 996791:
| HSN Code | Service Description | Category |
|---|---|---|
| 996791 | Goods transport agency services for road transport | Support services in transport |
This classification ensures uniformity and ease of doing business by standardizing the definition of various services for taxation and trade purposes. Understanding such codes is vital for seamless operations and compliance in the logistics and transport sectors.
