Q 21. How will the goods and services be classified under GST regime?

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Ans. HSN  (Harmonised  System  of  Nomenclature)  code shall be used for classifying the goods under the GST regime. Taxpayers whose turnover is above Rs. 1.5 crores but below Rs. 5 crores shall use 2 digit code and the taxpayers whose turnover is Rs. 5 crores and above shall use 4 digit code. Taxpayers whose turnover…

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