SAC Code 998314: GST Rate & Details
Internet website design and development services, UI/UX designing
Standard GST slab applicable across India under GST tariff classification.
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Indian GST Invoicing Rules for HSN 998314
HSN Digit Mandate
- Turnover > ₹5 Crore: Must mention minimum 6-digit HSN code on all B2B invoices.
- Turnover ≤ ₹5 Crore: Must mention minimum 4-digit HSN code on B2B invoices. Optional for B2C.
- Exports / Imports: 8-digit HSN code is mandatory.
Mandatory Invoice Fields
- GSTIN of Supplier and Recipient (for B2B).
- Consecutive Invoice Serial Number & Invoice Date.
- HSN/SAC Code, Taxable Value, Tax Rate (CGST, SGST, IGST), and Grand Total.
Frequently Asked Questions on HSN 998314
Q. What is the GST rate for HSN code 998314 (Information Technology)?
The standard GST rate for HSN code 998314 is 18%. For intra-state transactions within the same state, it is split into 9.0% CGST and 9.0% SGST. For inter-state supply, 18% IGST applies.
Q. Is HSN code 998314 classified as Goods or Services?
HSN/SAC code 998314 is legally classified as 'Services' under Chapter 99, Heading 9983: Professional, Technical, IT, Software and Consulting Services.
Q. Is mentioning HSN code 998314 mandatory on GST invoices?
Yes. As per Indian GST mandate: Businesses with aggregate turnover above ₹5 Crore must mention a 6-digit HSN code on B2B tax invoices. Businesses with turnover up to ₹5 Crore must mention at least a 4-digit HSN code for B2B supplies.
Q. How do I create a GST invoice with HSN code 998314?
You can create a 100% compliant Indian GST invoice with HSN 998314 for free on GST Maker. Simply click 'Create Invoice with this HSN' to pre-populate the tax rates and download your PDF instantly.
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