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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 ...
November 2018. ^ "₹1,61,497 crore gross GST revenue collected for June 2023; records 12% Year-on-Year growth". ^ "₹1,44,616 crore gross GST Revenue collection for June 2022; increase of 56% year-on-year Gross GST collection in June 2022 is the second highest collection next to the April 2022 collection GST collection crosses ₹1.40 lakh ...
The rate for GST, effective since 1 October 2010 as implemented by the National Party, is 15%. [3] This 15% tax is applied to the final price of the product or service being purchased and goods and services are advertised as GST inclusive. Reduced rate GST (9%) applies to hotel accommodation on a long-term basis (longer than 4 weeks).
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.
See the ISO 3166-3 standard for former country codes. British Virgin Islands – See Virgin Islands (British) . Burma – See Myanmar . Cape Verde – See Cabo Verde . Caribbean Netherlands – See Bonaire, Sint Eustatius and Saba . China, The Republic of – See Taiwan (Province of China) . Democratic People's Republic of Korea – See Korea ...
If you’re new to HSN, you’ll get $20 off your first order with code HSN2021. Plus, you can pay in four interest-free installments of $20 if you don’t want to plunk down $80 all at once.
Goods and Services Tax [1] ( GST) in Australia is a value added tax of 10% on most goods and services sales, with some exemptions (such as for certain food, healthcare and housing items [2]) and concessions (including qualifying long term accommodation which is taxed at an effective rate of 5.5% [3] ). GST is levied on most transactions in the ...