What is HSN code under GST? HSN stands for Harmonized System of Nomenclature which was developed by the World Customs Organization (WCO) with the vision of classifying goods all over the World in a systematic manner. WCO has 181 members, three-quarters of which are developing countries that ar...
to file 6 digits HSN Code (Harmonised System of Nomenclature Code), or as the case may be, SAC (Service Accounting Code) upon the invoices provided for the supplies of taxable goods and services.
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 servi...
It is important to file the returns for every trader who used to import or export their things manufactured or non-manufactured. There are some of the objectives and guidelines are given by the government which everyone needs to learn on the behalf of filing the taxes. The GST assessee is ...
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It is important to file the returns for every trader who used to import or export their things manufactured or non-manufactured. There are some of the objectives and guidelines are given by the government which everyone needs to learn on the behalf of filing the taxes. The GST assessee is ...