Harmonized System of Nomenclature or simply HSN has come into effect for the classification of goods and services globally in a systematic and organized manner. Developed by the World Customs Organization (WCO), the HSN code was introduced in 1988. It is a 6-digit uniform ...
India, a WCO member since 1971, initially used a 6-digit HSN code for Customs and Central Excise duties. Then, they added 2 more digits to HSN Code to be more precise in goods classification for importing, exporting, and taxation. This led to today's 8-digit classification...
hsn code HSN code, or Harmonized System of Nomenclature, is an international coding system consisting of a 6-digit structure developed and maintained by the World Customs Organization. It is used by countries to classify goods and commodities imported and exported. The main purpose of HSN code ...
HSN Code List for GST India HSN 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 cert...
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 ...
Find your product's HSN Code and GST Rate using our HSN Code Finder with which you can search by product name or code, and you can also use the category list to identify your HS Code.
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. 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 ...
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 certain purposes, countries may add additional digits to the standard six digits. ...
The HSN Code is set in the below-given order: It has a 2-digit HSN number for each chapter. The 2-digit HSN code is sub-categorized into a 4-digit HSN code. The 4-digit HSN codes are further classified into the 6-digit HSN code. Importance of HSN under GST HSN ensures global ...