1. What is the HSN code in India? HSN stands for Harmonized System of Nomenclature and is used to classify goods in a systematic manner. 2. Who is Liable for the 6-Digit HSN Code? Businesses with a turnover exceeding Rs. 1.5 crore are required to use a 6-digit HSN code for their ...
HSN code only deals with goods underGST. for services there is another code known as SAC Code. Structure:The HSN code is typically a 6-digit code. The first two digits represent the chapter, the next two digits represent the heading, and the last two digits represent the subheading. For ...
Example of HSN CodeIn India, almost all goods are classified under the HSN system. On the basis of their turnover and nature of transactions, a business has to determine the 4, 6 or 8 digit code for their product. Taking this into consideration, here's an example with 3 different scenar...
HSN has a six-digit universal code that defines over 5,000 goods and is accepted globally. Let's check How to find my 6 digit HSN code
1. What is the HSN code in India? HSN stands for Harmonized System of Nomenclature and is used to classify goods in a systematic manner. 2. Who is Liable for the 6-Digit HSN Code? Businesses with a turnover exceeding Rs. 1.5 crore are required to use a 6-digit HSN code for their ...