Implementation in India:In India, HSN codes are used under the Goods and Services Tax (GST) regime. Businesses must use HSN codes when filing GST returns, ensuring proper classification and taxation of goods. The number of digits required (4, 6, or 8) depends on the business’s turnover....
GSTIN, short for Goods & Services Tax Identification Number is a 15-digit, unique identification number allotted to each taxpayer (GST registered business, firm, dealer, supplier, business entity) once they have registered under the GST regime in India. Every business operating in a state or Un...
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 in every business that will have to mandatorily register under it. The cost of tax on all ...
Taxpayer’s Pan: The second part of the GSTIN consist of 10 digits of the taxpayer’s PAN number. Registration based: the remaining 3 numbers are provided by the GSTN as follows: The 13th digit is assigned on the number of registration within the state The 14th digit is Z by default...
In India, the tax system is unique and different compared to other countries. If you are running your business in India, I'm sure you have come across this term known as'GST Cess.' So, what is a 'GST Cess?' Let me start by explaining the word 'cess.' According to the dictionary,...
Understanding how the HSN Code is used in India How to avoid mistakes with HSN in GST? Differences Between the HSN Code and SAC Code Conclusion Frequently Asked Questions What is HSN Code? HSN code stands for “Harmonized System of Nomenclature,” a eight-digit code used to systematically name...
This article includes a summary of the new features and critical bug fixes released in Dynamics 365 Finance version 10.0.03 for India GST localization.New features and updatesGST solution document is updatedUpdates have been made to the following article, India Goods and Services Tax (GST) ...
Almost all goods in India are classified using the HSN classification code, which facilitates the use of HSN numbers for calculations of the Goods and Service Tax (GST). The number is currently being used to categorize goods to compute VAT (Value Added Tax). HSN code in GST invoices – wh...
Does GST registration number of my firm change time to time in India? How to obtain a duplicate BL, if original bill of lading lost. How to obtain GSP - Certificate of Origin? How to obtain Phyto sanitary certificate. What is phytosanitary certification ...
What is good salary in India? This article discusses the national average salary in India, median salary in India, among other information.