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By using HSN codes, countries can harmonize their customs and trade procedures, making it easier for businesses to engage in international trade.
Under GST, the majority of dealers will have to adopt two, four, or eight-digit HSN codes for their commodities, depending on their turnover the year prior.
Under the two-slab system, the GST Council has scrapping 12 per cent and 28 per cent rates. Now, essential items like food, ...
The government has made it mandatory to mention 8-digit HSN or tariff code for 49 chemical based products while issuing Goods and Services Tax (GST) invoice, a move experts feel is aimed at ...
Top 5 GST mobile applications with GST rate, HSN/SAC code and other useful information Here we are showcasing a list of top 5 GST mobile applications available, which can help you out with your ...
While the HSN code is an 8-digit number, the SAC code is a 6-digit number. What is my SAC code? Services Accounting Code is released by CBEC to structurally categorize every service under GST.
Different opinions arise because all products are classified under the Harmonised System of Nomenclature (HSN) — a long list that contains Codes and sub-codes for more than 5,000 products.