6. Incorporate HSN Codes in Invoices Ensure that GST HSN code rates are included on invoices for all goods and services supplied, as this is a mandatory requirement for GST compliance. 7. Cross-Functional Collaboration Collaborate with departments such as finance, sales, and IT to ensure a coor...
All goods and services exchanged in India are categorised as part of the SAC code system or the HSN code system under GST. Goods are categorised using the HSN Code, while services are categorised using the SAC Code. GST rates have been set in five classes called slabs which are ...
HSN code difference Filing GST as IGST (for Inter-State) though invoice is made as CSGT & SGST by mistake B2C sales with HSN detail in GSTR1 An Embassy Purchased Vehicle and GST refund form GST department B2B HSN code below 5cr
GST Codes: What are the SAC and HSN Code List? Read More→ GST Rates – Services Read More→ GST Rates – Goods Read More→ GST Rates in India 2024: List of Goods and Services Tax Rates, Slabs, & Revisions Read More→ GST Rate on Labour Charges ...
HSN code difference Filing GST as IGST (for Inter-State) though invoice is made as CSGT & SGST by mistake B2C sales with HSN detail in GSTR1 An Embassy Purchased Vehicle and GST refund form GST department B2B HSN code below 5cr Hsn code is mandatory in GSTR 1 or not GSTR1 HSN CODE...
Under the GST regime, tax is levied at every point of sale. So in the case of intra-state sales, Central GST and State GST are charged. All the inter-state sales are chargeable to the Integrated GST. 5. What are the 3 types of GST?
I am the second merchant exporter of food stuff say potato wafers.That means the manufacturer of wafers sales the wafers to fist merchant exporter and the first merchant exporter sales the goods to second merchant exporter. Whether the export made by the second merchant exporter can be counted ...
HSN:Go toTax>Setup>Sales tax>HSN code. SAC:Go toTax>Setup>Sales tax>Service accounting codes. You can assign HSN and SAC codes to products in theGSTfield group of theReleased productspage. Products of theItemitem type should have an HSN code, and products of theServiceitem type should ...
The GST is an indirect tax throughout India. It replaces other taxes and levies that are applied by the central and state governments, including Value Added Tax (VAT), Central Sales Tax, Excise Duty, and Commercial Tax, among others. ...
Business Insights beyond return filing, understand your sales and marketing budget, probability of audit based on potential sales and expenses for the coming year. Know More Value Added Tools Value Added Tools Many tools based on open API provided by GSTN network such as GSTN Search, HSN Code...