Checking the HSN Code in GST Portal is a simple yet crucial process for businesses. The HSN code, a systematic… SAC Code for Consultancy Services The SAC code 9983 is dedicated to ‘Other Professional Services,’ a comprehensive category that spans a diverse range of specialized… ...
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 ...
When to pay GST for supply of services? When to pay GST? GST on short supplied goods and services by nature Step by step procedures about e-signing under GST system in India Goods and services exempted to pay GST Who has to pay GST? GST Composition Levy Useful Information about Export an...
HSN codes are regularly updated and revised in order to reflect changes in goods and services being traded. It is important for companies to keep up-to-date with the HSN code in order to ensure that goods are accurately classified when trading abroad. In conclusion, HSN code is a system us...
Levy of late fee for GST Tax returns filing in India I pay Service Tax on my services. But I am not sure how do I pay the new GST? Notice to GST return filing defaulters Useful Information about Export and Import: Procedures under Re-exports ...
In the General tab of the Items page, check theEnable HSN Code or SAC fieldoption. If your business’s annual turnover was less than ₹5 crores in the previous year, select4-digit HSN Code or SAC. The 4-digit HSN Code or SAC is mandatory for B2B, SEZ, Export, or Deemed Export ...
1. How does the 6-digit HSN code enhance classification and reporting for businesses? The inclusion of additional digits in the HSN code provides a more detailed classification of goods and services. This improvement enhances the accuracy of reporting systems, aligning with the ...
SAC and HSN are the similar codes under GST. In case of services, for each type of service provided is given an unified code for recognition, measurement and taxation. These are known as SAC codes. In the current service tax regime, SAC codes are already defined for each type of serv...
First included in: Main/HSNCodeTable_IN (this entity) Properties NameValue dataFormatstring isReadOnlytrue isNullabletrue Traits List of traits for the Code attribute are listed below. is.dataFormat.character is.dataFormat.big is.dataFormat.array ...
Rejection of import-export privileges: Your entitlements or concessions like Goods and Services Tax claims can be denied, leading to difficulties in fulfilling shipments in the future. Delayed or denied refunds: In the event you paid a higher duty fee, your refund may be denied, or y...