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 home loan is money from a bank to buy, build or fix a home. You promise the house as surety. You pay it back in monthly steps with interest.

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