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...
Taxpayers with a turnover between Rs. 1.5 crore up to 5.00 crore must mention only two digits of the HSN code. Taxpayers with a turnover that exceeds Rs. 5.00 crore must mention five digits of the HSN code. Aerial photo of the front end of a large fully loaded container ship. Understan...
HSN Code SAC Code Full Form Harmonized System of Nomenclature Service Accounting Code Length Typically 8 digits 6 digits Purpose Classifies goods Classifies services Structure 2 digits for chapter, 2 for heading, 2 for product, 2 for sub-product 2 digits for major service, 2 for specific servic...
India uses an 8-digit HSN code1 instead of the typical 6-digit code; here’s how it is broken down: Chapter: The first two digits represent the chapter, broadly classifying goods into major categories. Heading: The next two digits represent the heading within the chapter, n...
The information provided below about HSN codes are used for GST purpose to classify goods. You may reconfirm with GST authorities whether your product HSN code is classified correctly below. The HSN codes under 02 digits, 04 digits, 06 digits and 08 digits explains and classifies broadly for ea...
Understand HSN codes under GST with Tally Solutions. Learn their significance, structure, and use our HSN code finder for quick lookups. Explore now!
What is the full form of HSN Code? HSN stands for Harmonized System of Nomenclature Is HSN code 4 digit or 8 digit? Generally, HSN codes consist of six digits. On the other hand, our eight-digit HSN codes in India are as follows: the first two are the chapter number, the next two...
Since 1986, India has been using HSN numbers in order to classify the commodities for customs and central excise duties. India follows a 8 digit HSN code structure which is divided into chapters (First 2 digits), headings(Next 2 digits), subheadings(following 2 digits) and the last two digi...
1. How does the 6-digit HSN code enhance classification and reporting for businesses? The inclusion of additional digits in the HSN code provides a more detailed classification of goods and services. This improvement enhances the accuracy of reporting systems, aligning with the ...
Whereas the extended HSN Code in India, the ITC-HS code, comprises 8 digits. The extra two digits offer additional specificity, indicating regional/national tariff information. For example, the basic HSN code for “Tumeric powder” is 09.10.30 and the its ITC-HS code would be...