(Chartered Accountants)
The implementation of Goods and Service Tax in India is the most path breaking tax reform witnessed since Independence . The GST regime aims to convert India into " One Nation One Tax and One Market . " .Most of the existing indirect Taxes like Central Excise duty , Service Tax , Value added tax levied by by different states have been subsumed in the Goods and Services Tax . .
In any indirect tax classification of goods is very vital. It has very wide implications particularly in case of multi rate tax structure like GST As we are aware that classification of goods under CGST Act , IGST Act and respective SGST Acts have to be done in accordance with Harmonised System of Nomenclature (HSN) . However a large majority of taxpayers specially traders are not familiar with HSN codes and SAC codes in case of services
We expertise in field of arrive correct classification of Goods and services under GST regime , our clients who have availed this service range from listed corporates , in sectors like pharmaceuticals , chemicals , manufacturing indutry , service sector etc
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