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 codes are essential for seamless GST compliance, serving as a standardized classification system for goods. Accurate HSN code reporting streamlines tax processes by categorizing goods, facilitating efficient tax calculation and documentation. Thus utilizing HSN codes offers numerous benefits for businesse...
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...
While the HSN code system provides a framework for the classification of goods and services, determining the applicable GST rate for certain products can still be challenging. For example, there may be multiple HSN codes that apply to a particular aluminum structure, each with a different GST rat...
HSN code CHAPTER-9 Coffee, tea, mate and spices 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 ...
HSN code is used by countries across the globe when trading goods and services. Each item is assigned a six-digit code in order to accurately identify the goods being traded and for quick and easy comparison. For example, computer parts are classified under HSN 8473. It allows for easier tr...
The full form of HSN stands for “Harmonized System of Nomenclature”. HS Code which is known as HSN Code in India was developed by World Customs Organization (WCO) as a standardised system that classifies goods all over the world in a systematic manner. In India, HSN Code has 4, 6 & ...
Almost all goods in India are classified using the HSN classification code, which facilitates the use of HSN numbers for calculations of theGoods and Service Tax(GST). The number is currently being used to categorize goods to compute VAT (Value Added Tax). ...
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...
The Central Board of Indirect Taxes and Customs (CBIC) mandated the use of HSN Codes or SAC for goods, effective from 1 April 2021. This means that when you create sales transactions and add items that require tax, those added items must have the HSN Code or SAC associated with them. ...