Learn how India’s GST 2.0 simplifies tax rates and revises HSN and SAC codes, streamlining compliance, invoicing, & trade ...
HSN Code for GST: The code covers a wide range of products, including goods, commodities, and services. GST HSN Code List: HSN or Harmonized System of Nomenclature is an internationally recognized ...
With GST, most of the goods and services were classified uniformly using Harmonised Commodity Description and Coding System or HSN. The HNS is a multipurpose international product nomenclature ...
Classification of food products and their taxation have always thrown up interesting discussions in indirect taxes. Service tax laws had concepts such as indoor and outdoor catering and a wholesome ...
Businesses with turnover of more than Rs 5 crore will have to furnish six-digit HSN or tariff code on the invoices issued for supplies of taxable goods and services from April 1, the finance ministry ...
From January 1, 2022, onwards, the codes used to classify every internationally traded item will change. The globally standardised Harmonized Commodity Description and Coding System, better known as ...
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Govt assigns HSN codes to ministries to classify goods globally and assist in ease of doing business
A guidebook mapping 12,167 HSN codes for products produced by 31 ministries and departments has been prepared by the government in order to promote a data-driven approach and enhance ease of doing ...
India's revised GST structure, effective today, reduces taxes on nearly 400 goods and services, including food, automobiles, and insurance. The GST Council has streamlined the tax slabs to 5% and 18%, ...
The GST Council has approved major tax reforms effective today, September 22, introducing a simplified two-rate structure of 5% and 18% to ease compliance and lower costs. Essential items like soaps, ...
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