Understanding how the HSN Code is used in India How to avoid mistakes with HSN in GST? Differences Between the HSN Code and SAC Code Conclusion Frequently Asked Questions What is HSN Code? HSN code stands for “Harmonized System of Nomenclature,” a eight-digit code used to systematically name...
Companies need the HSN code for GST registration, making invoices, and providing an HSN summary when filing GST returns. This is crucial, especially for businesses importing and exporting with India. All such businesses must use an ITC-HS code, an 8-digit HSN code. To find an...
Under the GST regime, most dealers are required to adopt a two, four, or eight-digit HSN Code for trading in commodities, depending on the previous year’s turnover. Dealers having a turnover of less than 1.5 crore rupees in their previous year need not adopt the HSN code for their com...