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. ...
Under GST, all products and services have an associated HSN and SAC code for allocating the correct GST rate. Deskera Books has 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...
Under the GST regime, most dealers are required to adopt a two, four, or eight-digit HSN Code for trading in commodities, depending on the previous year’s turnover. Dealers having a turnover of less than 1.5 crore rupees in their previous year need not adopt the HSN code for their com...
Under the GST regime, the Harmonized System of Nomenclature (HSN) code serves as a unique identifier for over 5,000 commodity groups, efficiently categorizing goods in a systematic manner. For example, the HSN code for cast iron pipes is 7303.0010. This code can be broken down as follows: ...
SAC Code is a classification system for services developed by the Service Tax Department of India. Let's check SAC codes for various transportation services under GST
Change 3: E-invoicing is developed important for the assessee who has the turnover of Rs 50 cr and will come into force from 1/04/2021. Moreover, the team will engage the turnover of all the GST numbers beneath the single PAN (Permanent Account Number) . Change 4: The QR Code is...
An established system for naming, categorising, and identifying products is known as the Harmonized System of Nomenclature (HSN). Read this blog to learn about paint HSN code.
Under the GST regime, the Harmonized System of Nomenclature (HSN) code serves as a unique identifier for over 5,000 commodity groups, efficiently categorizing goods in a systematic manner. For example, the HSN code for cast iron pipes is7303.0010. This code can be broken down as follows: ...