The HSN (Harmonized System of Nomenclature) code 9965 pertains to "Goods transport services." This code is used for various services related to the transportation of goods, including freight transport by road, rail, air, and sea.
Here’s a breakdown:
- 99: Services (rather than goods)
- 65: Goods transport services
For GST purposes in India, the GST rate for services classified under HSN code 9965 can vary depending on the mode of transport and specific service provided. Generally, the GST rates for goods transport services are as follows:
- 5% GST with no input tax credit (ITC) for services by rail or vessels
- 12% GST with ITC for services by rail, vessels, or air
- 18% GST for other goods transport services
