Hsn Code for Wall Painting Works Contract

If you are in the business of wall painting works contracts, you may be familiar with the term “HSN code”. HSN stands for Harmonized System of Nomenclature, and it is a standardized system of naming and classifying products and services for international trade. HSN codes are used to determine the rate of GST (Goods and Services Tax) for a particular product or service.

So, what is the HSN code for wall painting works contract? The HSN code for wall painting works contract is 9987. This code falls under the category of “Maintenance, repair and installation (except construction) services”.

Why is it important to know the HSN code for wall painting works contract? Firstly, it ensures that you are paying the correct rate of GST. Secondly, it helps in the calculation of taxes and billing. Thirdly, it simplifies the process of invoicing for both the service provider and the service receiver.

It is important to note that the HSN code for wall painting works contract is only applicable to services provided for commercial or industrial buildings. Residential buildings are exempted from GST, and therefore, do not require an HSN code.

As a service provider, you must ensure that the HSN code for wall painting works contract is clearly mentioned in your invoices, along with a detailed description of the services provided. This will help in avoiding any confusion or disputes regarding taxation.

In conclusion, knowing the HSN code for wall painting works contract is crucial for businesses in the construction and maintenance industry. It not only ensures compliance with taxation laws but also streamlines the invoicing process. So, make sure you are aware of the appropriate HSN code and include it in your invoices to avoid any potential legal or financial repercussions.