3. HSN Code Requirements TheHarmonized System of Nomenclature (HSN) codeis a six-digit code that classifies goods and services for taxation purposes. The Service Accounting Code (SAC) is a similar code for services. From 1 April 2021, businesses must mention theSAC/HSN codeon their invoices. ...
Find HSN number or Service tariff code for GST GST registration guidelines Indian GST Laws How to export your goods? Learn International trade online free. How to get Export Orders? How to settle dispute in Exports and Imports? Import clearance procedures and formalities ...
Yes, it is mandatory to use the HSN code for all goods and the SAC code for all services in every business transaction under the GST regime. The requirement varies based on the turnover of the business. 6. How can I find the correct HSN code for my product or service? You can use...
IGST – Integrated Goods and Service Tax Read More→ Goods Transport Agency under GST & GST on Transportation Read More→ GST Declarations Read More→ SAC Codes for various transportation services under GST Read More→ HSN Code: Definition, Structure, List, & FAQs ...
Create HSN and SAC codes for all goods and services. The GST rates that are applied depend on the HSN or SAC codes that are assigned to the goods or services. HSN:Go toTax>Setup>Sales tax>HSN code. SAC:Go toTax>Setup>Sales tax>Service accounting codes. ...
Under GST, all goods and services transacted in India are classified under the HSN code system or SAC Code system. Goods are classified under HSN Code and services are classified under SAC Code. Based on the HSN or SAC code, GST rates have been fixed in five slabs, namely NIL, 5%, 12...
Sir, Kindly inform GST rate and HSN code for REPAIRS AND MAINTENANCE which hither to fallen under code No.0245 under Service Tax Schedule. Regds. Vishnu ATMARAM:On 06 July 2017 Sir.I'm sale pvc footwear colors use by footwear only please tell me gst tax this item ...
Find HSN number or Service tariff code for GST GST registration guidelines Indian GST Laws How to export your goods? How to file GST returns? Monthly Return under Goods and Service Tax Where to file GST returns? Process of GST returns ...
Sir, we are purchasing coffee seeds not roasted under HSN code 0901 which is exempted/nil rated in GST. but we are paying transport charges for inward and outward to transport contractor as the recipient under reverse charge. shall we claim input tax on services received from transport charge...
Create HSN and SAC codes for all goods and services. The GST rates that are applied depend on the HSN or SAC codes that are assigned to the goods or services. HSN: Go to Tax > Setup > Sales tax > HSN code. SAC: Go to Tax > Setup > Sales tax > Service accounting codes. You ca...