The sections and chapters provide a general description of the product, while headings and subheadings offer detailed specifications. Example Breakdown of HSN Code For example, consider the HSN code 62.13.90: The first two digits (62) indicate apparel or clothing (excluding knitted or crocheted ...
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...
For instance, construction services of buildings fall under SAC code9954, with subcategories like residential, industrial, and commercial buildings classified further under group99541. The applicable GST rate for such services is18%, ensuring clear identification of the service type and accurate tax cal...