Yes, there can be penalties for using the wrong HSN code, as it can lead to incorrect tax calculation and non-compliance with GST regulations. The penalties can include fines and other legal implications. 8. Is the HSN code list the same for all countries, or does it vary internationally?
A list of sample tax accounting codes under GST is proposed in the table below:- Serial Number, Type of Tax Liability and Sample Accounting Code serially given below 1 CGST – Tax 00010001 2 CGST – Interest 00010002 3 CGST – Penalty 00010003 4 CGST – Fees 00010004 5 CGST – Other 0001...
GST State Code List Sr. No. State Name Alpha Code GST State Code 1. Andaman and Nicobar Islands AN 35 2. Andhra Pradesh AP 37 3. Arunachal Pradesh AR 12 4. Assam AS 18 5. Bihar BR 10 6. Chandigarh CH 4 7. Chattisgarh CG 22 8. Dadra and Nagar Haveli DN 26 9. Daman and Diu...
However, the GST fake invoice case is also on the rise. Fake GST bills can lead to tax evasion, loss of tax revenue to the government, and other fraudulent practices. It is crucial to check the authenticity of the GST invoice to avoid getting cheated. How to check if a GST bill is f...
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 2025: List of Goods and Services Tax Rates, Slabs, & Revisions Read More→ GST Rate on Labour Charges ...
添加方式是在 Accounts List - Expense 中,选择好编号加进去。⚙️ 会计科目设置: Account Type:Expense Account Number:6 - 1450 Account Name:Body Corporate 或 Strata Levy Tax Code:GST💦 水费账单的记账:水费账单的记账方式与物业管理费类似,只不过水费是GST Free的。会计科目选择Water Expense,软件中是...
Supply list by tax code Purchase list by tax codeAdditionally, a configurable GST report by configuration report is provided to meet the following reporting requirements:GST-03 GST summary sheet Total acquisition and input tax Total supply and output tax Consolidated monthly record of total inpu...
Related Read:GST State Code List Conclusion AlthoughGSTINis usually allotted within 15 days, it can get allotted within 2-3 days or a week. Hence, it is important to regularly conduct theGST application status checkon the portal. Once GSTIN is allotted, you must quote it on your invoices...
Guidance on HSN/SAC Code GST Tax Rate List GST E-Waybill Guide Single Day Ad Promotion LET's START Not found answer to your question! Arrange a call back Submit For any Enquiry +91-8881069069 Recent Updates Important GST Updates – December 2024 ...
Click here to Download List of HSN Code and SAC Code HSN codes for GST in India All the states in the country have their own tax system for classifying the goods tax rate. But with GST regime there will be an uniformity all over the state which will harmonize the system of HSN for...