Q: What is the HSN code for PVC pipes and fittings in India? Ans: In India, PVC pipes and fittings are classified under the HSN code 3917. Q: What is the HSN code? Ans: The government uses the HSN code to track and monitor the movement of goods, services, and people across borders...
Harmonized System of Nomenclature (HSN)– Under the India GST regime, a HSN code is used to classify different goods in a transaction under GST. In addition, a HSN code determines the tax rates to apply to goods. Services Accounting Codes (SAC)– SAC is based on HSN, which is internation...
Under the new HSN format, companies would have to revise the HSN code for all the goods and services and revamp their ERP configuration which is a time and effort consuming task. “The taxpayers need to very quickly align their ERP and business processes to meet these requirements as the ...