In India, the HSN code serves as a classification tool for businesses to determine accurate Goods and Services Tax (GST) rates. Companies need the HSN code for GST registration, making invoices, and providing an HSN summary when filing GST returns. This is crucial, especially for...
To simplify this crucial aspect of international shipping, consider using MYGTS (My Global Trade Services), a free and powerful online tool designed to help businesses navigate the intricacies of HSN code classification, duty calculation, and customs requirements. MYGTS empowers busin...
HSN code stands for Harmonized System Nomenclature. It’s a globally used 6-digit code that acts as a recognized system for classifying goods. Think of it as a universal product ID for international trade. This code simplifies the taxation process within thegoods and services taxframework by cat...
Find HSN number or Service tariff code for GST GST registration guidelines Indian GST Laws How to export your goods? Useful Information about GST: Refund of Input Tax Credit (ITC) of GST, FAQ Migration procedures for existing VAT payers to GST online in India Refund of GST paid in India, ...
India imports HSN Code 8471 from over 262 countries globally. China , Vietnam , and India are the leading suppliers, accounting for 79% of India's total HSN Code 8471 imports. China tops the list with 5,666,141 shipments, which equates to a 59% market share. It's closely followed ...
Further, such four-digit HSN codes are sub-classified into the six-digit HSN code. Example of an HSN code - schematic Structure of SAC Code Breaking up the 6 digit SAC in GST For example, the SAC for Information technology (IT) design and development services is 998314. ...
HSN code6217 Other made up clothing accessories; parts of garments or of clothing accessories, other than those of heading 6212. 6217 10 - Accessories : 6217 10 10 --- For articles of apparel of cotton 6217 10 20 --- For articles of apparel of synthetic ...
Use our GST tax calculator to figure out the exact GST amount. The bestGST calculator online! Is It Necessary to Have an HSN Code? The ITC-HS Codes are required for exports. Otherwise, the export incentives will be forfeited if the 8-digit HSN Code is not supplied on the shipping bill...
Services Accounting Codes (SAC)– SAC is based on HSN, which is internationally recognized system for classifying and codifying all products. A SAC code is used to classify different services under GST. In addition, a SAC code determines the tax rates to apply to services. ...
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...