HSN Code required to mention up to 4 digits. If your annual turnover exceeds 5 crores. The above notification has been updated to require 4/6-digit HSN Codes on tax invoices for products supplied beginning April 1, 2021. HSN Code required to mention up to 4 digits. The preceding year...
If your business’s annual turnover was more than ₹5 crores in the previous year, select6-digit HSN Code or SAC. The 6-digit HSN Code or SAC is mandatory for all tax invoices. Scroll down and clickSave. You can now add HSN Codes or SACs to your items in Zoho Books. Once the ...
HSN Code List for GST IndiaHSN has been applicable in India after implementation of GST. India has already been using HSN system in the Central Excise and Customs regime.But the GST HSN is a much more detailed classification that adds another two digits to the 6-digit structure. For certain...
India, for example, uses a 4-, 6-, and 8-digit HSN code system.Q: Who requires HSN Code? Ans: The HSN code is commonly used by manufacturers, importers, and exporters. Even before the GST era, manufacturers used to mention this code. Importers and exporters provide these documents in...
HSN, short for Harmonised System of Nomenclature, is a set of 6-digit codes designed to standardize how goods are classified and coded. This system makes customs clearance easier and helpss in calculate tariffs for international trade. What is the difference between the HSN Code a...
Understanding the HSN Code Structure General Structure of the HSN Code The basic HSN Code provided by the WCO comprises a six-digit number, 84713001 Chapter (First 2 Digits) Broad category of goods as per the Harmonized System of Nomenclature. 84 71 3001 Heading (Next 2 Digits) Product...
HSN Code is a 6 digit code to classify the goods under GST. The HSN code list is on the GST portal. Read on to know more.
The Harmonised System of Nomenclature code, or HSN, contains 6-digit numbers used by global authorities to classify globally traded goods. The HTS, or the Harmonised Tariff Schedule code, on the other hand, is a 10-digit classification system used by some countries, such as ...
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 ...
To add an HSN code in theGST portal, you need to enter the appropriate 8-digit HSN code for each product or service you supply. This information is required when filing GST returns. 3. Is the HSN code 6-digit or 8-digit? In India, the HSN code is usually 8 digits long. The first...