HSN Code | Description of Service | GST Rate |
---|---|---|
9971 |
Financial services and related services | |
99711 |
Financial services (except investment banking, insurance services and pension services) |
|
997111 |
Central banking servicesThis service code includes - services which support the country's systems for clearing and settling payments and other financial transactions - services of maintaining deposit accounts for major financial institutions and for the central government - services of implementing monetary policy - services of managing the government's foreign exchange reserves - services of influencing the value of currency - currency services under the authority of the central bank, including currency design and production, issuing, distribution and replacement - fiscal agency services including advisory services to the government on matters relating to the public debt, issuing debt instruments, maintaining bondholder records and making interest and redemption payments on behalf of the government - supervisory activities with regard to banks and/or non-banks if undertaken by the central bank - other central banking services n.e.c. |
|
997112 |
Deposit servicesThis service code includes: - demand, notice and term deposit services - administration of bank accounts - chequing services such as certification of cheques, exchanging cheques or withdrawal slips for money, remitting cheques forwarded for collection - transferring money between accounts - providing documents to clients This service code does not include: - wrapping, rolling or otherwise handling currency and coin on behalf of customers cf. 998542 - collection services of drafts, cheques and other bills of exchange received on a collection basis cashed or taken on deposit cf. 998592 - collection services of accounts or monies receivable under assignment of accounts or contracts, cf.998592 |
|
997113 |
Credit-granting services including stand-by commitment, guarantees & securitiesThis service code includes: - issuing and physical management of loans. These services may be provided by a number of different types of lenders, including, for example, banks and insurance companies. - granting of loans for which the land or buildings are used as security - home equity loans - granting of personal non-mortgage installment loans with scheduled repayment plans - line-of-credit loan services, that is, loan services based on a commitment to lend funds to a borrower up to a specified amount - consumer loan services, that is, loan services extended for financing consumer purchases of goods or services where the purchased good is generally used as collateral - granting credit when the holder of a credit card uses it to buy a good or a service, regardless of whether the balance is paid in full at the end of the grace period - granting loans to investment dealers and brokers, regulated financial institutions, federal, regional and local governments or non-profit institutions, foreign governments, and other businesses - standby, commitment and other loan services including overdraft services - providing letters of credit - acceptance services, that is, agreements by a bank or other financial institution to pay a draft or a credit instrument issued by an institution - sales financing services - other credit-granting services n.e.c. This service code does not include: - real estate appraisal services, cf.997224 |
|
997114 |
Financial leasing servicesThis service code includes: - services of making equipment and other assets available to a customer without capital investment on the customer's part, whereby the lessor pays for and takes title to the equipment or facilities and leases it to the lessee while retaining few of the normal responsibilities of ownership This service code does not include: - operating leasing services, cf.9973 |
|
997119 |
Other financial services (except investment banking, insurance services and pension services) |
☑ Monthly | GSTR-3B
GSTR-3B for the m/o Apr 2025 (Monthly Taxpayer - Rule 61) - Either Compulsory taxpayer > 5 cr. or Voluntary taxpayer < 5 cr.
☑ Monthly | GSTR-5A
GSTR-5A for the m/o Apr 2025 [Return by OIDAR Service Providers - Rule 64.]
☑ Monthly | PMT-06
PMT-06 Monthly tax payment for Apr 2025 under QRMP Scheme [Rule 61(1)(ii) - Proviso to Section 39(7)].
Taxpayers have a choice to pay tax either, as per -
☑ Monthly | GSTR-11
GSTR-11 for the m/o Apr 2025 (Statement of inward supplies by persons having Unique Identification Number (UIN)).