Hsn Code Related Articles

Jan - 2024

02

The Key Differences Between HSN Code & SAC Code

The Key Differences Between HSN Code & SAC Code

The Key Differences Between HSN Code & SAC Code The GST in India classifies all taxable goods and services by utilising codes such as HSN stands for Harmonized System of Nomenclature and SAC stands for Service Accounting Code. These codes are crucial in facilitating international trade by elimi ...

Apr - 2023

24

Recent advisories relating to reporting an e-invoice on the IRP portal and HSN code

Recent advisories relating to reporting an e-invoice on the IRP portal and HSN code

Recent advisories relating to reporting an e-invoice on the IRP portal and HSN code Recently GSTN has come up with two important advisories one relating to reporting an e-invoice on the Invoice Registration Portal (IRP) and the other relating to the HSN code reporting requirement. The same is – ...

Jan - 2022

11

Revamped Search HSN Code Functionality

Revamped Search HSN Code Functionality

Revamped Search HSN Code Functionality The Goods and Service Tax Networks (GSTN) observed that finding the corresponding HSN codes vis a vis a common description on the GST portal was a bit challenging for the taxpayers. To ameliorate this challenge and to make the functionality user-friendly, ‘Sea ...

Oct - 2020

07

Key Highlights of 42nd GST Council Meeting

Key Highlights of 42nd GST Council Meeting

Key Highlights of 42nd GST Council Meeting 42nd GST Council Meeting was held on 5th October 2020 via video conferencing mode. The key recommendations made by the GST council, during the meeting, are highlighted in the present article. Various amendments in GST return With effect from 1st Janu ...

Apr - 2019

01

Import eWay Bill

Import eWay Bill

Import eWay Bill While generating the e-way bill for outward supplies details like invoice number, date, quantity, the value of supply, tax, HSN code and consignee GSTIN etc. needs to be inserted. Again while preparing the return in form GSTR-1, the taxable person needs to provide the same detail a ...

Dec - 2018

29

GST Registration Exemption for Casual Taxable Person

GST Registration Exemption for Casual Taxable Person

GST Registration Exemption for Casual Taxable Person Under Goods and Service Tax there are special provisions relating to the ‘casual taxable person’. Understanding in simple terms, ‘casual taxable person’ means a person who occasionally undertakes transactions involving supply of goods or services ...

May - 2018

08

SAC Code for Website & Software Development

SAC Code for Website & Software Development

SAC Code for Website & Software Development Under GST, all tax invoices raised by a supplier of goods or services must contain the respective HSN code or SAC code. SAC Code is applicable for services and stands for Services Accounting Code. SAC code was initially introduced by the Service Tax d ...

Apr - 2018

05

eWay Bill Generation on Mobile through SMS

eWay Bill Generation on Mobile through SMS

eWay Bill Generation on Mobile through SMS The GST e-way bill is an electronic paperwork for tracking all interstate movement of goods. All suppliers and transporting the goods should carry GST E-way bill. The registered person can generate the GST e-way bill through various modes such as in the E- ...

Aug - 2017

05

HSN Code on Invoice

HSN Code on Invoice

HSN Code on Invoice Under GST Invoice Rules and Format, suppliers are required to mandatorily display the HSN code or SAC code of the goods or services supplied on an invoice. However, in order to make compliance easier for small and medium-sized enterprises, the requirement for disclosing HSN code ...

Jul - 2017

11

GST on Medical Equipment, Cameras and Glasses - HSN Chapter 90

GST on Medical Equipment, Cameras and Glasses - HSN Chapter 90

GST on Medical Equipment, Cameras and Glasses - HSN Chapter 90 GST on medical equipment, cameras and glasses were introduced through HSN Chapter 90 by the GST Council in India. In this article, we look at the HSN code and GST rate for optical, photographic, cinematographic, measuring, checking, pre ...

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