For example, the HSN code for cast iron pipes is 7303.0010. This code can be broken down as follows: The first two digits, 73, indicate the chapter for articles of iron and steel. The next two digits, 03, specify the heading for pipes and tubes. The final four digits, 0010, further...
The HSN code aids in determining the quantity of all items imported or traded through a nation. The Importance of the HSN Code While the primary purpose of the HSN code is the systematic classification of goods, it can also be used to gather data and solve problems that would otherwise be ...
what is full form of CIF Pralin Prasad:On 30 December 2021 Hello Sir, in CIF export when can we enter sales in our accounts ? Right after ship leaves the port (BL issued) or ship reaches destination and goods delivered to customer in the port ? Please advise....
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...
Understand HSN codes under GST with Tally Solutions. Learn their significance, structure, and use our HSN code finder for quick lookups. Explore now!
The full form of GST isGoods and Services Tax. It is an indirect tax levied on the supply of goods and services across India. This comprehensive tax system is designed as a multi-stage, destination-oriented tax applied at each point of value addition in the supply chain. By replacing multi...
To know what the GST codes, HSN code and SAC codes, let us first learn what is GST. GST is a newly passed bill which calls for a common tax over the nation and just one single type of tax filtering ll the extra and indirect taxes. It will replace VAT, service tax and excise i...
Add alternative names for your items and composite items, such as the abbreviated form of the items while creating them. 28 June 2022 Reset Pushed Transactions You can now edit the transactions in your GSTR-1 after you've pushed them to the GSTN portal using the Reset Push option in Zoho...
A stock transfer has the same tax rate applicability at the time of shipment and receipt, including partial receipt. This means that tax was calculated on the new HSN code percentage instead of on the transfer order before the change in the HSN code percentage, which caused revenue loss to...
Code Brown In a sad reflection of the times in which we live, this code has become quite necessary. When a code brown is issued, it means there is an active shooter on the premises. If you are unable to make it safely to an exit upon hearing it, employees will instruct you on what...