The HSN code is an abbreviation for the World Customs Organisation's (WCO) Harmonised System of Nomenclature, which went into effect in 1988. The WCO's primary objective in implementing HSN codes was to define all commodities in a structured manner. It removes ambiguity and facilitates internation...
On the Tax information FastTab, in the SAC or HSN code field, enter a value. In the Service category or ITC category field, enter a value. Select the Exempt check box to exempt these charges from the calculation of GST. Select Save. When this charges code is selected for a transaction...
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On theTax informationFastTab, in theSACorHSN codefield, enter a value. In theService categoryorITC categoryfield, enter a value. Select theExemptcheck box to exempt these charges from the calculation of GST. SelectSave. When this charges code is selected for a transaction, the defined tax ...
2. Service Provider’s Role A service provider is liable to pay GST on the purchased products and the value they contribute. For instance, if a service provider buys a product for ₹200 and pays 5% GST, the product cost becomes ₹210. After adding ₹100 in value, he charges ₹...
HSN Code Finder GST Cancellation and Revocation Indirect Tax RoDTEP Changes in Pvt Ltd Company Add a Director Remove a Director Increase Authorized Capital Close the Pvt Ltd Company Strike off Company Change Objective/Activity Change Address
dear sir, we are the wholesale dealers in pure silk sarees, we supply the goods all over india, on supply of goods to the customer the transporation charges we have to collect the GST if yes what HSN CODE we mention please let me know at the earliest, ...
HSN Codes StructureIf the taxpayer's annual turnover below 1.5 crores is not required to follow HSN. Taxpayers will have to use 2-digit HSN code if the annual turnover is above 1.5 crores but below five crores. The businesses will have to use a four-digit HSN code whose yearly turnover...
GST Codes: What are the SAC and HSN Code List? Read More → GST Rates – Services Read More → GST Rates – Goods Read More → GST Rates in India 2024: List of Goods and Services Tax Rates, Slabs, & Revisions Read More → GST Rate on Labour Charges Read More → SAC Codes Read ...
What is the GST charges payable for air travel agent? Is there exemption for paying GST for Air Travel Agents in India? Air Travel Agentmeans any person engaged in providing any service connected with the booking of passage for travel by air. ...