Friends, Now a days GST is in question for all. For maintaining accounts or raising invoices / bills HSN (Harmonised System of Nomenclature) codes are required for each and every item.
HSN is Harmonised System of Nomenclature. HSN number was already being used for assigning Excise Duty on Manufactured goods in India.
It is a multipurpose international product nomenclature developed by the World Customs Organization (WCO). The system is used by more than 200 countries and economies as a basis for their Customs tariffs and for the collection of international trade statistics. It is also extensively used by governments, international organizations and the private sector for many other purposes such as internal taxes, trade policies, monitoring of controlled goods, rules of origin etc.
HSN Requirements under Goods and Service Tax Law
Not all Suppliers need to mention HSN code on their invoices issued. (Update on 16 june 2017)
– Taxpayers whose turnover is above Rs. 1.5 crores but below Rs. 5 crores shall mention 2 digit code on Invoice.
– Taxpayers whose turnover is Rs. 5 crores and above shall mention 4 digit code on Invoice
– Taxpayers whose turnover is below Rs. 1.5 crores are not required to mention HSN Code in their invoices.
Turnover for the purpose is PY turnover. In case of new business, there is no circular/notification.
Services will be required to be classified per the Services Accounting Code (SAC)
Below is the list of standard HSN Sections, these are standard across all countries and economies.
Section I (Chapters 1 to 5) – live animals and animal products
Section II (Chapters 6 to 14) – vegetable products
Section III (Chapter 15) – animal or vegetable fats and oils
Section IV (Chapters 16 to 24) – beverages, spirits, vinegar, and tobacco
Section V (Chapters 25 to 27) – mineral products
Section VI (Chapters 28 to 38) – chemical and para-chemical products
Section VII (Chapters 39 to 40) – plastics and rubber, and articles thereof
Section VIII (Chapters 41 to 43) – certain animal hides and skins
Section IX (Chapters 44 to 46) -wood, cork, manufactures of straw, and articles thereof
Section X (Chapters 47 to 49) – pulp of wood, paper, paperboard, and printed products
Section XI (Chapters 50 to 63) – textiles and textile articles
Section XII (Chapters 64 to 67) – footwear, headgear, umbrellas, walking sticks, prepared feathers, artificial flowers, and articles of human hair
Section XIII (Chapters 68 to 70) – articles made of minerals, stone, plaster, cement, etc., and ceramic and glass products
Section XIV (Chapter 71) – precious metals and stones
Section XV (Chapters 72 to 83) – base metals and articles thereof (Note: Chapter 77 is reserved for future use)
Section XVI (Chapters 84 to 85) – machinery and mechanical appliances, electrical equipment, sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles
Section XVII (Chapters 86 to 89) – vehicles, aircraft, vessels, and associated transport equipment
Section XVIII (Chapters 90 to 92) – optical, photographic, cinematographic, and musical apparatus and equipment; measuring, medical, surgical, and other instruments; and clocks and watches
Section XIX (Chapter 93) – arms and ammunitions
Section XX (Chapters 94 to 96) – miscellaneous manufactured articles
Section XXI (Chapters 97 to 99) – arts, collector’s pieces, and antiques (Note: Chapter 99 is reserved for national use)
Earlier , there was only one section code 94I for TDS on Rent. While preparing TDS return, 94I code was selected for deduction of TDS from Rent. But now there are two section codes in the Name 4IA or 4IB which have been replaced with 94I. 4IA :- 4IA code will be selected when 2% TDS will be deducted for the use of any machinery or plant or equipment 4IB :- 4IB code will be selected when 10% TDS will be deducted for the use of any land or building (including factory building) or land appurtenant to a building (including factory building) or furniture or fittings
Keeping in view the confusion in selection 4IA or 4IB, detailed Section 194-I is given below in the interest of deductor :-
79194-I. Any person, not being an individual or a Hindu undivided family, who is responsible for paying to 80[a resident] any income by way of rent81, shall, at the time of credit of such income to the account of the payee or at the time of payment thereof in cas…
Jai Jinendra Ji,
Now, e-booking of rooms are available for Shri Mahaveerji, Karauli, Rajasthan. It is religious place for Jain's. Every Jain wants to visit once in his life. There are too many persons who visit here once in a month or in a week. There are numbers of Jain Temples. Shri Mehendipur Balaji is just away 35 K.M. from here via Nangal village. 50% of available rooms are available through e-booking. Tariffs & Policies are given as under :-
Tariffs & PoliciesDharamshalaRoom TypeFacilitiesTotal RoomsOnline RoomsFacility Charge
(Suvidha Shulka) (Rs.)Cancellation Charge
(Rs.) Vardhman Dharmshala A.C. A.C., Geyser,Double Bed 21 10 600
Friends, It is great problem when we need .rpt files in .xls. Sometime back I had received .rpt files from Punjab National Bank as Bank Account Statements for a particular account. I had tried to convert in excel, but after devoting 4 hours, I got fail in conversion. In last I tried following steps and got success. Open .rpt file in Notepad.File Save as in .txt file (as shown in above picture)Open with .txt file in Microsoft Excel.Option "Text to Coloumns" > Fixed >Finish. then Save File in excel.