The HSN Code (Harmonized System of Nomenclature) in GST is an 8-digit code that classifies goods. It helps identify products for applying the correct GST rate and simplifies international trade. 2. How to add the HSN code in the GST portal?
There are also separate tax rates on cut diamonds, precious metals, jewelry, and some select automobiles, varying at a rate of 1.5% and 3%. This brings the total to six slabs. Several motives drove the enactment of GST in India. The top 10 advantages of GST which serve as the main rea...
State GST (SGST)is imposed by state governments on the same intra-state transactions. Typically, the rates of CGST and SGST are equal, making the total GST rate a combination of both. This dual structure ensures that both the central and state governments receive...
CBIC has notified an increase in GST rate of various kinds of textiles, apparel and footwear to 12% from 5% earlier, which will be effective from January 1, 2022. However, GST rates for certain synthetic fibres and yarn have been lowered from 18% to 12%, according to the notification...
The mice in group 2 are fed starting from D=30 with pellets containing 5-ASA: 5-aminosalicylic acid at a rate of 1 g of 5-ASA per 600 g of pellets, then colitis is induced with TNBS on D=35. The mice in group 3 receive two injections of the composition as mentioned above (rSh...
How can Canadian importers find the applicable tariff rate? When you import, a company shares the product description and materials used with its customs broker. Based on this, the customs broker will find the HTS code and the relevant customs duties. ...