[Updated 2024] All you need to know about HSN Codes. HSN, which stands for 'Harmonized System Nomenclature' was developed by the WCO in 1988. Find out more about this 8 digit code, how it can be found, examples and how HSN works with GST invoices in our
HSN Code List for GST India HSN has been applicable in India after implementation of GST. India has already been using HSN system in the Central Excise and Customs regime. But the GST HSN is a much more detailed classification that adds another two digits to the 6-digit structure. For cert...
Understanding how the HSN Code is used in India India has been a member of the World Customs Organization (WCO) since 1971 and has utilized 6-digit HSN codes for classifying goods in Customs and Central Excise since 1986. Over time, 2 additional digits were added for better differentiation. ...
Central GST (CGST)is levied by the central government on transactions occurring within a single state. In contrast,State GST (SGST)is imposed by state governments on the same intra-state transactions. Typically, the rates of CGST and SGST are equal, making the total GST rate a combination of...
In case of business that deals with import and export they will have to use 8 digit code which will be compulsory. How is HSN code classified? It has 21 sections with 99 chapters, 1,244 headings and 5,224 subheadings. They are arranged based on the product degree od manufacture or ...
21Dispatch From_ Name, Address, Place and PincodeMax length: 100 each and 6 digit for pincodeEntity’s details (name, and city/town/village) from where goods are dispatched 22Is_ServiceString (Length: 1) by selecting Y/NWhether or not supply of service must be mentioned ...
Fundamentally, ITR is a form that comprises all the information of your income for a particular fiscal year. The Income Tax Department has introduces 7 types of ITR forms: ITR1, ITR2, ITR3, ITR4, ITR5, ITR6, and ITR7 based on the type of income. ...
A proforma invoice must include a note stating, ‘This is not a GST invoice’. Other than that, it usually includes most parameters that are present in the final invoice. The following details of the proposed transaction are present on a standard basis: The term “proforma invoice” A unique...
I think this pen is quite valuable, it has the stamped/cut Pelikan decal on the cap and a decal on the knob, so it is one of the elusive "Spanish" M800 from 1991 that , if they go on auction, demand usually 4 digit prices. Added the fact that the pen has a ...
Fundamentally, ITR is a form that comprises all the information of your income for a particular fiscal year. The Income Tax Department has introduces 7 types of ITR forms: ITR1, ITR2, ITR3, ITR4, ITR5, ITR6, and ITR7 based on the type of income. ...