Goods and Services Tax (GST) is a comprehensive and unified value-added tax imposed on the majority of goods and services exchanged within a country. This taxation system replaces the previous complex ...

With GST, most of the goods and services were classified uniformly using Harmonised Commodity Description and Coding System or HSN. The HNS is a multipurpose international product nomenclature ...

This is applicable for SAC (Service Accounting Code) on the invoices issued for supplies of taxable goods and services. A taxpayer having turnover of upto Rs 5 crore in the preceding financial year is ...