India’s Goods and Services Tax (GST) system relies on a structured classification of goods and services to ensure accurate taxation. The Harmonized System of Nomenclature (HSN) and Service Accounting Codes (SAC) are at the heart of this classification. These codes …
Before the GST era, sales tax compliance was relatively easy to understand and comply with, states the World Bank[1]. Since the introduction of GST, there have been multiple policy updates. It resulted in technical as well as compliance …
For any GST (Goods and Services Tax) registered business, the most important thing is timely filing of Returns and Challan payments. The GST Council of India has lately laid out a few requirements for the GST registered companies to comply …
