Classification under GST: Role of HSN
Classification under GST: Role of HSN What is classification? There are thousands of tradable commodities chargeable to different rates of tax. Then how does one ascertain the applicable rate of tax on a particular product. The answer to this question is by classifying goods in different groups sub-groups according to their nature, composition etc. and […]
GST REGIME & ITS IMPACTs
GST is a comprehensive consumption tax on goods and services. It will cover in its ambit all forms of supply of goods and/or services such as sale, transfer, barter, exchange, license, rental, lease or disposal made or agreed to be made for a consideration by a person in the course or furtherance of business. GST […]
