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WHAT IS HSN CODE
Jewellery to get cheaper as customs duty reduced on jewellery and parts: Budget 2025Budget 2025: Customs tariff under first schedule to the customs tariff act, 1975 has been reduced to 20% on HSN code 7113 (jewellery and pa...04 Feb, 2025, 05.39 PM IST- New GSTN advisory: GST registered suppliers must take note of these new changes made in GSTR-1 from January 2025When you file GSTR-1 on or before February 11, 2025, the specified new rules will have to be followed otherwise the return will be consider...14 Jan, 2025, 04.06 PM IST
- Mandatory linking of e-invoice with e-way bill may cause operational disruption: ExpertsRajarshi Dasgupta, Head Tax at Aquilaw told PTI that the advisory on linking e-invoice with e-way bill will cause "technical difficulty in ...07 Jan, 2024, 05.52 PM IST
- ET Explainer: What's in a number? A lot when it is numerical code HSNIn India, declaring a 4-digit HSN code is mandatory on goods and services tax (GST) invoices by businesses with turnover up to Rs 5 crore a...12 Dec, 2023, 03.10 PM IST
- How to identify a fake GST bill and report it: Here is the complete step-by-step guideA GST invoice is generated by a supplier or a seller to the buyer of the goods and services. The bill has all the information including ide...22 Mar, 2023, 11.03 AM IST
- Bibek Debroy decodes the curious case of tax on pizza toppingsWhat is the GST rate on pizzas? There isn't one. That's the point. The GST rate on pizza bread - note the expression - is 5%. But if it is ...21 Mar, 2022, 12.13 AM IST
- Budget’s indirect tax proposals should focus on ease of doing business, promoting domestic manufacturingThere continues to be Customs duty rate disparity on the import of telecommunication networking equipment and separately their parts.31 Jan, 2022, 09.30 AM IST
- Papad makers in a pickle over contradictory classification rulingsWhat is a papad? Of course, papad or papadam or vadam is India’s favourite indigenous cracker, and it is usually round and fried or roasted.26 Aug, 2021, 06.34 AM IST
- All you need to know about HSN codeThe Finance Ministry has said that businesses with a turnover of more than Rs 5 crore have to show a six digit HSN number.30 Jul, 2021, 01.46 PM IST
- Export incentives under MEIS available till Dec 31: Commerce ministryUnder MEIS, the government provides duty benefits depending on product and country. Rewards under the scheme are payable as percentage of r...16 Apr, 2020, 03.14 PM IST
- Govt will put restrictions on imports of products under 'others' category: Piyush GoyalIn trade parlance, every product is categorised under an HSN code (Harmonised System of Nomenclature).It helps in systematic classification...15 Jan, 2020, 06.06 PM IST
- GSTR-9 is exceedingly complex. Things to consider in simplifying itTaxpayers have shown preference for a simpler form of compliance. Instead they are saddled by a system that asks for intricate details of t...04 Oct, 2019, 09.57 AM IST
- Exporters seek clarity on incentives under GSTAmbiguity on continuation of benefits leads to pricing uncertainties and may hurt shipments to US and EU.13 Sep, 2017, 11.24 PM IST
- Industry and businesses not ready for GST; what they need to doWhile the benefits that the GST brings are beyond question, business and industry don’t seem to be ready for this historic indirect tax ref...09 Jun, 2017, 12.29 AM IST
- Here's how you can draft a GST compliant invoiceFrom July 1, the invoices you raise will change. Here is how you can make an invoice that is in sync with the requirements of GST.05 Jun, 2017, 01.01 PM IST
- Levy 1.25% GST on jewellery sector: GJF urges governmentOver the past few months, the GJF has met Jaitley, Revenue Secretary, finance ministers of more than 15 states, VAT & GST commissioners, to...14 Apr, 2017, 08.38 PM IST
- India adheres to harmonised system of nomenclatureIndia, being a WTO member, now adheres to the world body’s harmonised system of nomenclature (HSN) for classification of goods for purposes...07 Jan, 2008, 12.00 AM IST
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