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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.
The process of assigning HS codes is known as "HS Classification". All products can be classified in the HS by using the General Rules for the Interpretation of the Harmonized System ("GRI") that must be applied in strict order. HS codes can be determined by a variety of factors including a product's composition, its form and its function.
The Goods and Services Tax (GST) (French: Taxe sur les produits et services, TPS) is a multi-level value-added tax introduced in Canada on January 1, 1991, by Prime Minister Brian Mulroney and finance minister Michael Wilson. The GST replaced a hidden 13.5% Manufacturers' Sales Tax (MST) because it hurt the manufacturing sector's ability to export.
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HRAs, QSEHRAs, and ICHRAS. Understanding the differences in eligible expenses between HRAs, QSEHRAs, and ICHRAs can help businesses determine which type of plan best fits their needs.
Lithuania began the work of rewriting the employment laws in 1996 and the Labour Code (Lithuanian: Darbo Kodeksas) bill was completed in 2001. [73] It was heavily inspired by the Hungarian, Czech as well Polish laws and incorporated the vast majority of the European Union regulations. [73] The new labour code was formally enacted in 2002. [73]
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The flu is ramping up after a slow start to the season. Positive tests rose 12% for the week ending Dec. 21, compared to the week prior, according to data released Friday by the Centers for ...