No official Railway Board PDF has been traced for this entry yet. The text below was read from the document held in the library.
| Date | 2023-01-11 |
|---|---|
| Type | Commercial Circular |
| Topic | reservation |
Mapping of Goods Tariff commodities with Harmonized System of Nomenclature (HSN) Codes Flat-Rolled Products Of Iron Or Non-Alloy Steel, Of A Width Of Less Than 600 Mm, Not Clad, Plated Or
भारत सरकार GOVERNMENT OF INDIA रेल मंत्रालय MINISTRY OF RAILWAYS (रेलवे बोर्ड RAILWAY BOARD) TCR/1078/2022/TT/BDU/HSNcode/3415228 Dated: 11.01.2023 MD/CRIS, Chanakyapuri, New Delhi. CAO/FOIS, Chanakyapuri, New Delhi. Sub: Mapping of Goods Tariff commodities with Harmonized System of Nomenclature (HSN) Codes. Please find enclosed a copy of report prepared by Traffic Transportation Directorate and Business Research Unit of Railway Board on the above subject. It has been decided by the Competent Authority that this list will be used by Railways for systematic classification and also for harmonization of customs and trade procedures. On entering the commodity name, the system should automatically allow for choosing the most relevant HSN code and be verified against the class of rate charged against the commodity. This will be available at the time of issuance of Railway Receipt as drop-down of commodities and HSN code. CRIS/ FOIS is requested to develop a system accordingly. This issues with consultation of Traffic Transportation and concurrence of Accounts and Finance Directorates of Ministry of Railways. न sey Director, Traffic Commercial (Rates) Railway Board dtcr@rb.railnet.gov.in 011-23047359 DA: As above Rail Bhavan, Raisina Road, New Delhi-110001. रेल भवन, रायसीना रोड, नई fae ली -11000 July 2022 Report on Mapping of Goods Tariff commodities with HSN Codes Traffic, Transportation and Business Research (TT&BR) Unit TT&BRU 2 Table of Contents 1. Introduction .................................................................................................................................... 3 2. Goods and Service Tax (GST) ........................................................................................................... 3 3. Harmonised System of Nomenclature ............................................................................................ 3 4. Methodology ................................................................................................................................... 4 5. Result and Way Forward ................................................................................................................. 4 6. Annexure - 1………………………………………………………………………………………………………………………………6 7. Annexure - 2…………………………………………………………………………………………………………………………… 23 TT&BRU 3 1. Introduction Indian Railways is in the business of transportation of goods and passengers and earns its major revenue from the transportation of goods. Carrying more than 1.2 billion tonnes of freight traffic every year over a network of 68000 kms and with network touching almost every nook and corner of the country, Indian Railways is the backbone of India’s logistics sector. Railway deals with the transport of various commodities likes Coal, Fertilizers, Iron and Steel, Milk, Salt, Animals, other household and constructional commodities. Transportation of all goods attracts different types of taxes, Goods and Service Tax (GST) is one of them. In this document, the Unit has extracted Goods Tariff commodities list and HSN codes commodity list and mapped the Goods Tariff commodities with HSN codes. This shall help IR in tracking of Taxes and tracking of goods movement. 2. Goods and Service Tax (GST) On July 1st 2017, the Goods and Services Tax was implemented in India which was introduced to replace the Indirect taxes such as value added tax, service tax, purchase tax, excise duty, and so on. GST is levied on the supply of certain goods and services in India.. GST is a destination-based consumption tax. Under destination-based taxation, tax accrues to the destination place where consumption of the goods or services takes place. Present GST Structure has 7 schedules having different rate slabs for goods1. 3. Harmonised System of Nomenclature HSN stands for Harmonised System of Nomenclature code and is adopted all over the world for classifying
Extract shown above; the full text is available in the search app.
Open this circular in the search app · Search all 4,025 documents