The HSN code needs to be declared on the tax invoice and also to be reported while filing the GST returns. The HSN codes for mandatory mapping/classification of goods that need to be used by a taxpayer are as follows;Taxpayers whose turnover is Rs. 5 crore and above shall use 4 digit...
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...
Found 4 HSN Code of 8 digit under Sub Heading 6505 Frequently Used 6506Other headgear, whether or not lined or trimmed Import Shipments 485813 Buyers 39681 Export Shipments 485813 Suppliers 25543 View All Found 5 HSN Code of 8 digit under Sub Heading 6506 ...
If you are manufacturing or selling PVC pipes and fittings in India, you must be aware of the Harmonized System of Nomenclature (HSN) code. The HSN code is an 8-digit code that is used to classify goods across the world. In India, the HSN code is used for GST. PVC pipes and fitting...
All invoices and customs documentation must include the 8-digit HSN Codes or HS Codes as notified by the DGFT for any business participating in import-export transactions governed by Foreign Trade Policy and customs laws. HSN Code Working?
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...
1.5 crore are required to use a 6-digit HSN code for their goods under GST. Those with a lower turnover are not mandated to use HSN codes, but can choose to do so for clarity. Importers and exporters must always use HSN codes. 3. Is HSN Code 6-Digit or 8-Digit? India initially ...
In the beginning, the 6-digit HSN codes were used in India, but later the customs and central excise department added two more digits. The additional 2-digits in the new 8-digit HSN code made the code more precise and easier to use. Also read: What Is Job Work Under GST? Procedure...
HSN Code to be more precise in goods classification for importing, exporting, and taxation. This led to today's 8-digit classification known as ITC-HS Code (Indian Trade Clarification based on Harmonized System of Coding). This extended code is sometimes interchangeably referred to ...
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.