By using HSN codes, countries can harmonize their customs and trade procedures, making it easier for businesses to engage in international trade.

Businesses with turnover of more than Rs 5 crore will have to furnish six-digit HSN or tariff code on the invoices issued for supplies of taxable goods and services from April 1, the finance ...

New Delhi, Dec 2 () 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 ...

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.

Those with turnover of up to ₹5 crore in the preceding financial year would be required to mandatorily furnish four-digit HSN code on B2B invoices.