HSN code was introduced to make the GST systematic. While filing the GST returns, the taxpayers do not need to mention the description of the goods but instead mention the HSN code. The CBIC has also stated that mentioning HSN code is now mandatory in GSTR-1, if you are in the turnove...
Meaning of GST: Multi-Stage, Value Addition, and Destination-Based Tax GST is designed to simplify tax collection by applying tax at multiple stages, only on added value, and at the point of consumption. Below, we’ll walk through these features to show how GST works across the supply chai...
Under GST, the existing system of levy of tax on manufacture, provision of taxable services, and sale of goods will be replaced by the concept of ‘Supply’. Thus, it is of extreme importance, to understand the “place of supply” meaning in determining the right charge of tax on supply...
Rather than waiting 90 days until payment was made, the company wanted to pay suppliers on the day that the title to goods transferred to them, meaning it could expand its range of suppliers and receive supplier discounts. View all Get Trade Finance Informing Today’s Market, Financing tomorr...
Double check the accuracy of the HSN code on the e-invoice portal. However, if you believe it to be accurate, please send the details to the helpdesk for e-invoice system verification. What is schema error in e invoice? An e-invoice schema is defined to take care of fundamental errors ...
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Meaning of FCA under Incoterms 2020EXW,Ex Works under Inco terms 2020Inco Terms, Different stage where risks and costs transfer from Seller to BuyerParties involved to use Incoterms directly and indirectlyIs it necessary to use trade mark of Incoterms under Sale contractMention year of Inco ...
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(iii) considering HSN-based corrections on local contributions and the properties of undirected graphs to completely remove errors during computation (which affected the first proposal in [12]). This paper extends our previous proposal in [33], by significantly improving the algorithm and its ...
Configuring Fluentd for the input of log files; Examining the impact of stopping and starting during file reading by Fluentd; Using parsers to extract more meaning from log events; Self-monitoring and external monitoring of Fluentd using APIs;