Understand what HSN codes are, their structure, and their significance in GST compliance. Learn how to identify and use HSN codes for your business.
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...
This GST HSN code system serves two key purposes:: Streamlined Taxation:The HSN code helps identify the specific product category, which directly determines the applicable GST rate. This simplifies tax calculation and administration for businesses.. ...
No, 13.8% GST is not applicable on solar. Solar panels are exempt from GST in India. What is HSN code 85414300? HSN code 85414300 is for solar water heaters, including collectors and solar receivers. What is the GST rate for Solar cookers? The GST rate for solar cookers is 5%. What ...
1. GST Registration Every business under GST will need to declare the goods and services type that they are dealing with. Thus, it is essential to mention the correct HSN/SAC code at the time of registration. 2. GST Rate For goods and services, if the taxpayer is aware of HSN/SAC code...