Understand what HSN codes are, their structure, and their significance in GST compliance. Learn how to identify and use HSN codes for your business.
Over time, 2 additional digits were added for better differentiation. HSN Code System Under GST With the introduction of GST, HSN codes are implemented through a 3-tiered system: Turnover under ₹1.5 crore: No requirement to use HSN codes. Turnover between ₹1.5 crore and ₹5 crore: ...
HSN code in GST invoices – what to remember It’s important to remember that the HSN number must be clearly mentioned on GST Invoices when preparing Tax Invoices for GST. Here’s how the different HSN classifications, from two digits to eight digits, come into play in India: The government...
The main difference between HSN and SAC codes is that HSN codes are meant only specifically for goods and services, and SAC codes specify for services only. Other, difference is in the number of digits in their code and their relevance. Example - HSN Code is an 8-digit code, and SAC co...
The first two digits of GSTIN will represent the state code according to Indian Census of 2011. Each state has a unique two digit code The next 10 digit of GSTIN will be the pan number of the tax payer (The GST code will be an alpha numeric number i.e first 1-9 and then A-...
HSN codes are an essential tool for businesses and international trade in India. GST HSN Code Example and Format The Harmonized System of Nomenclature (HSN) is a standardised coding system used to classify goods for taxation purposes. In India, HSN codes typically have 8 digits. ...
HSN code SECTION – VI PRODUCTS OF THE CHEMICAL OR ALLIED INDUSTRIES 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 ...
HSN code CHAPTER-10 Cereals 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...
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.
For the fiscal year, 2021-22 Delhi Government held that the number of digits of the Harmonised System of Nomenclature (HSN) Code for average turnover. A declaration has been given by the government states that change in the notification of the government