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If a company has turnover more than ₹ 15 million (US$180,000) but up to ₹ 50 million (US$600,000), then it needs to mention the first two digits of HSN code while supplying goods on invoices. If turnover crosses ₹ 50 million (US$600,000) then it needs to mention the first 4 digits of HSN code on invoices.
The Harmonized Commodity Description and Coding System, also known as the Harmonized System ( HS) of tariff nomenclature is an internationally standardized system of names and numbers to classify traded products. It came into effect in 1988 and has since been developed and maintained by the World Customs Organization (WCO) (formerly the Customs ...
The Global Industry Classification Standard ( GICS) is an industry taxonomy developed in 1999 by MSCI and Standard & Poor's (S&P) for use by the global financial community. The GICS structure consists of 11 sectors, 25 industry groups, 74 industries and 163 sub-industries [1] into which S&P has categorized all major public companies.
Since the start of operations, Drip has raised nearly $525 million through venture capital and debt. The company has raised over $95 million through investors such as Accel Partners, Sequoia Capital, TI Platform, Wing VC, Irongrey and Y Combinator and over $430 million from banks like the East West Bank and Barclays along with family offices, HNIs, institutional investors and wealth advisors.
Map of the world showing national-level sales tax / VAT rates as of October 2019. Additional local taxes may apply. [citation needed]A comparison of tax rates by countries is difficult and somewhat subjective, as tax laws in most countries are extremely complex and the tax burden falls differently on different groups in each country and sub-national unit.
The eight major pass-through economies—the Netherlands, Luxembourg, Hong Kong SAR, the British Virgin Islands, Bermuda, the Cayman Islands, Ireland, and Singapore—host more than 85 percent of the world’s investment in special purpose entities, which are often set up for tax reasons.
A turnover tax is similar to VAT, with the difference that it taxes intermediate and possibly capital goods. It is an indirect tax, typically on an ad valorem basis, applicable to a production process or stage. For example, when manufacturing activity is completed, a tax may be charged on some companies. Sales tax occurs when merchandise has ...
Turnover number. In chemistry, the term " turnover number " has two distinct meanings. In enzymology, the turnover number ( kcat) is defined as the limiting number of chemical conversions of substrate molecules per second that a single active site will execute for a given enzyme concentration [ET] for enzymes with two or more active sites. [1 ...