
UNDERSTANDING HSN AND SAC CODE UNDER GST
What you need to know about HSN and SAC code under GST in India
5 min read
Compliance, filings and everything after incorporation.

What you need to know about HSN and SAC code under GST in India
5 min read

GST Credit is commonly known as Input Tax Credit (ITC), is the credit of 'input tax' paid by a person for the use of goods or services or both in the course or furtherance of business.
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Every company and LLP has to comply with all compliances after the completion of each financial year.
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A smooth business operation requires a backbone of accounting and bookkeeping.
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For stakeholders such as government, investors, customers and shareholders it is necessary to ensure if the person is following the rules specified under various laws.
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Ministry of Corporate Affairs has taken a vital step to safeguard the micro and small sector businesses.
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100% exemption benefit of Co-operative societies was extended to Agriculture Producer Company having turnover up to 100 Crore for a period of 5 years starting from F.Y. 2018-19.
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In the New Year, Ministry of Corporate Affairs notified another mandatory reporting for all companies other than Government Company.
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Set to start the business as LLP? Don't forget to check post compliance list. Your responsibility as a partner is beyond the LLP registration.
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Goods and services tax is a single, consumption-based tax applicable on sale, manufacturing, and trade of goods and services.
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Any person registered under GST must file Annual Return once a year. The first financial year is completed since the implementation of GST in last March.
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Business is where you want to continuously expand your boundaries. The expansion can be in same business vertical or a different one.
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