Understand the term before it blocks the task.
Use the glossary to decode common tax, GST, invoicing, and compliance language, then continue into the relevant guide or action.
terms in the current glossary collection
language before regulatory shorthand
context connected to the product journey
HSN Code
Harmonized System of Nomenclature. A 4 to 8 digit classification code used globally and in India to categorize goods for GST rates.
SAC Code
Services Accounting Code. A 6-digit classification code used in India to categorize services for GST computation.
LUT (Letter of Undertaking)
A document filed online on the GST portal enabling exporters of goods and services to make zero-rated transactions without paying IGST upfront.
AIS (Annual Information Statement)
A comprehensive summary of a taxpayer’s financial transactions (salary, interest, dividends, mutual funds, TDS, foreign remittances) compiled by the Income Tax Department.