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With reference to the Harmonised System of Nomenclature (HSN) Code, consider the following statements:1. A taxpayer having turnover of upto Rs 25 crore in the preceding financial year is required to mandatorily furnish 4 digits HSN code on B2B invoices.2. HSN codes for goods at 6 digits are universally common.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared
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Here you can find the meaning of With reference to the Harmonised System of Nomenclature (HSN) Code, consider the following statements:1. A taxpayer having turnover of upto Rs 25 crore in the preceding financial year is required to mandatorily furnish 4 digits HSN code on B2B invoices.2. HSN codes for goods at 6 digits are universally common.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
With reference to the Harmonised System of Nomenclature (HSN) Code, consider the following statements:1. A taxpayer having turnover of upto Rs 25 crore in the preceding financial year is required to mandatorily furnish 4 digits HSN code on B2B invoices.2. HSN codes for goods at 6 digits are universally common.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer?, a detailed solution for With reference to the Harmonised System of Nomenclature (HSN) Code, consider the following statements:1. A taxpayer having turnover of upto Rs 25 crore in the preceding financial year is required to mandatorily furnish 4 digits HSN code on B2B invoices.2. HSN codes for goods at 6 digits are universally common.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer? has been provided alongside types of With reference to the Harmonised System of Nomenclature (HSN) Code, consider the following statements:1. A taxpayer having turnover of upto Rs 25 crore in the preceding financial year is required to mandatorily furnish 4 digits HSN code on B2B invoices.2. HSN codes for goods at 6 digits are universally common.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice With reference to the Harmonised System of Nomenclature (HSN) Code, consider the following statements:1. A taxpayer having turnover of upto Rs 25 crore in the preceding financial year is required to mandatorily furnish 4 digits HSN code on B2B invoices.2. HSN codes for goods at 6 digits are universally common.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer? tests, examples and also practice UPSC tests.