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The purpose of HSN codes is to make GST systematic and globally accepted. The Harmonized system of Nomenclature (HSN) code is used for classifying goods under the Goods and Services Tax (GST) in India. The HSN code is a six-digit code that uniquely identifies a product.
Under Indian GST Act, 2016, Any supplies (supply should be defined in accordance with GST India) made by a registered dealer as an export (both goods or services) or supply to an SEZ qualifies for Zero Rated Supplies in GST. This attracts zero rate of taxation and ITC (Input Tax Credit) can also be explained through the e-portal of GST Council.
Unless otherwise stated, the status code is part of the HTTP standard. [1] The Internet Assigned Numbers Authority (IANA) maintains the official registry of HTTP status codes. [2] All HTTP response status codes are separated into five classes or categories. The first digit of the status code defines the class of response, while the last two ...
Currently, the quota can be availed by persons with an annual gross household income of up to ₹ 8 lakh (US$9,200). Families that own over 5 acres of agricultural land, a house over 1,000 square feet, a plot of over 100-yards in a notified municipal area or over a 200-yards plot in a non-notified municipal area cannot avail the reservation. [3]
The OCSP responder uses the certificate serial number to look up the revocation status of Alice's certificate. The OCSP responder looks in a CA database that Carol maintains. In this scenario, Carol's CA database is the only trusted location where a compromise to Alice's certificate would be recorded.
Goods and Services Tax (GST; Māori: Tāke hokohoko) is a value-added tax or consumption tax for goods and services consumed in New Zealand. GST in New Zealand is designed to be a broad-based system with few exemptions, such as for rents collected on residential rental properties, donations, precious metals and financial services. [75]
The NRI Quota was once started where Indian Kids living outside India got admission in the IIT's through their SAT scores, the NRI Quota should not pass over 2.5% of the overall seats. The NRI Quota was later stopped due to low quality of students.
A dual GST module for the country has been proposed by the EC. This dual GST model has been accepted by centre. Under this model GST have two components viz. the Central GST to be levied and collected by the Centre and the State GST to be levied and collected by the respective States.