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If a company has turnover up to ₹ 15 million (US$180,000) in the preceding financial year then it need not mention the HSN code while supplying goods on invoices. 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 ...
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 receivables turnover ratio is an activity ratio, measuring how efficiently a firm uses its assets. [1] Formula: [2] A high ratio implies either that a company operates on a cash basis or that its extension of credit and collection of accounts receivable is efficient. While a low ratio implies the company is not making the timely collection ...
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The metabolic equivalent of task (MET) is the objective measure of the ratio of the rate at which a person expends energy, relative to the mass of that person, while performing some specific physical activity compared to a reference, currently set by convention at an absolute 3.5 mL of oxygen per kg per minute, which is the energy expended when sitting quietly by a reference individual, chosen ...
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v. t. e. In accounting, the inventory turnover is a measure of the number of times inventory is sold or used in a time period such as a year. It is calculated to see if a business has an excessive inventory in comparison to its sales level. The equation for inventory turnover equals the cost of goods sold divided by the average inventory.
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