FinTax24

Glossary

Terms Starting with "H"

4 terms found

Health Insurance

Health Insurance pays for your hospital stay and the care you get. You can claim the premium you paid under Section 80D. It can save you tax.

Insurance

Home Loan

A secured loan provided by banks and housing finance companies (HFCs) to finance the purchase, construction, or renovation of a residential property.

Real Estate & RERA

HSN Code

HSN Code stands for Harmonized System of Nomenclature. It is a 6 or 8 digit code for goods and it sets your GST rate. You show it on your invoice.

GST & Indirect Tax

HSN vs SAC

HSN vs SAC: HSN codes goods, and SAC codes services. Both must be on your GST invoice under the CGST Act and Rules. HSN uses 6 or 8 digits. SAC uses 6 digits.

GST & Indirect Tax