Implement Service Codes

In some countries, GST legislation may adopt a coding system for levying taxes on services and reporting. These service codes determine the applicable GST rates.

A taxpayer rendering services must use proper service codes to fulfill the GST compliance requirements.

Case Study Illustration of Service Codes

Vision Corporation renders the services listed in this table. Each service has a five-digit service code. The GST rate applicability is based on the service code applied.

This table displays the list of taxpayer rendering services:

Service Code	Taxable Services	Applicable GST Rate
996511	Road transport services of Goods	5%
996601	Rental services of road vehicles	5%
997133	Accident and health insurance services	18%
998321	Architectural advisory services	18%

You can use Product Fiscal Classifications to classify items for tax determination and reporting purposes. You can also use Product Category Fiscal Classifications when the Inventory is not available.