Think of it as a universal product ID for international trade. This code simplifies the taxation process within the goods and services tax framework by categorising goods under a single umbrella. Read More About: HSN and SAC Code What is GST HSN Code in India? In India, the HSN Code is...
The Importance of the HSN Code What is the use of the SAC code in GST? 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 stands for “Harmonized...
In India, the HSN code was initially adopted with six digits. However, later it was expanded to eight digits for a more precise classification of goods. This was done to align with the GST regime, which requires the HSN code to be mentioned in the taxpayers’ invoices and returns. ...