All goods and services exchanged in India are categorised as part of the SAC code system or the HSN code system under GST. Goods are categorised using the HSN Code, while services are categorised using the SAC Code. GST rates have been set in five classes called slabs which are predicated...
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.
1. What is HSN Code in GST? The HSN Code (Harmonized System of Nomenclature) in GST is an 8-digit code that classifies goods. It helps identify products for applying the correct GST rate and simplifies international trade. 2. How to add the HSN code in the GST portal?
Used for services like banking, restaurants, etc. Conclusion Before starting the GST registration process, it’s crucial to understand the importance of HSN and SAC codes. These codes provide a uniform and systematic classification of goods and services, facilitating accurate GST rate determination and...
GST Rate for HSN Code 7214: Under the Goods and Services Tax regime in India, each HSN code is associated with a specific tax rate. As for the HSN code 7214, it falls under the purview of the GST rate applicable to iron and steel products. As of my knowledge cutoff date in September...
The HSN code must be mentioned at the time of registration for GST. GST Rate If the taxpayer knows the HSN code, they can easily find the applicable GST rate. GST Invoice During issuing of an invoice for goods and services, the seller has to mention the HSN code GST Returns While ...
SAC Codes with GST Rates: For Goods Transport Services SAC Service Description SAC Code GST Rate Chapter: Goods Transport Services Land transport services of Goods Road transport services of Goods including letters, parcels, live animals, household & office furniture, containers etc. by refrigerator ...
Understand what HSN codes are, their structure, and their significance in GST compliance. Learn how to identify and use HSN codes for your business.
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 each section of goods. ...
HSN Code and GST: What is the Difference for Your Tea, Coffee, or Spices? HSN Codes for Various Products HSN Code for Computers and Laptops with GST Rate HSN and GST Rate for Furniture, Mattress, and Lamps HSN Code vs HTS Code: What's the Difference? Add HSN Code on GST Portal HSN...