Under GST, all products and services have an associated HSN and SAC code for allocating the correct GST rate.Deskera Bookshas all these HSN and SAC codes inbuilt for goods and services, and will automatically apply the tax rates and cess, so you don't have to refer to an excel sheet eve...
Under GST law, the HSN code to be used by a taxpayer for classification of goods will be based on the taxpayer's turnover. The HSN code needs to be declared on the tax invoice and also to be reported while filing the GST returns. ...
In India, the HSN Code is an extended 8-digit system for classifying goods under the GST regime. It builds upon the global 6-digit HSN code by adding two more digits for further product categorization. This GST HSN code system serves two key purposes:: Streamlined Taxation: The HSN code ...