HSN stands for Harmonised Commodity Description and Coding System.Īs intimidating as the HSN full form seems, the HSN code is fairly easy to understand. So make sure you know the HSN codes of the products you sell for the tax invoice you generate. This will also help you calculate the GST rate on invoices you raise going forward. So we decided to dive into understanding the GST Act ourselves, explaining what we learned as we go. It consists of a number of things that vary from business to business and even across industries. The new Tax Act comes with an entirely new set of rules and regulations that need to be kept in mind. Well, the confusion of most business owners in India isn’t without reason. The introduction of the tax reforms, the Goods & Services Tax Act (GST) has left business owners, big and small, a little overwhelmed and confused.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |