Each Chapter is named as a two-digit HSN number. Each two-digit HSN number is sub-classified into a four-digit HSN code. Later, such four-digit HSN codes are further sub-classified into the six-digit HSN code. How can I find my 8 digit HSN code?To sub-classify the six-digit HSN ...
What is HSN Code? HSN code stands for “Harmonized System of Nomenclature,” a eight-digit code used to systematically name and classify goods for taxation and trade. It was developed by the World Customs Organization (WCO) and serves as the global standard for categorizing over 5,000 products...
The HSN codes for mandatory mapping/classification of goods that need to be used by a taxpayer are as follows; Taxpayers whose turnover is Rs. 5 crore and above shall use 4 digit HSN code Taxpayers whose turnover is above Rs. 1.5 crore but below Rs. 5 crore shall use 2 digit HSN cod...
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 both. This dual structure ensures that both the central and state governments receive...
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 ...
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 ...
Bridges a gap and fixes data reconciliation to cut down on mismatch errors under GST. Real-time tracking is done by the supplier for the invoices prepared One can read e-invoices on a particular program which can be accessed by other people. This way, it helps to reduce the risk of error...
What is HSN Code? HSN code stands for “Harmonized System of Nomenclature,” a eight-digit code used to systematically name and classify goods for taxation and trade. It was developed by the World Customs Organization (WCO) and serves as the global standard for categorizing over 5,000 products...