HSN codes for GST

HSN code number means Harmonized System Nomenclature code number. The term HSN number is widely used for taxation purpose in many countries including India. The following links help you to find HSN code number for your commodity for GST documentation like preparation of GST Tax Invoice, computation of GST etc. However, you may reconfirm the correctness of such HSN code mentioned in this website with GST authorities in India.

HSN (Harmonised System of Nomenclature) is an internationally accepted product coding system formulated under General Agreement on Tariffs and Trade (GATT).

In India, currently, adapted HSN coding is currently used under Excise and Customs for classification of products. It is necessary to determine correct applicable rate (including exemptions, if any).

Under GST, government shall continue the concept of classification based on HSN but a slightly modified version will be implemented wherein turnover of the taxpayers will play a pivotal role in determine coding. However, there will be separate codes for goods and services.

Broad rule is as under:
– Taxpayers whose turnover is above Rs. 1.5 crores but below Rs. 5 crores shall use 2 digit code;
– Taxpayers whose turnover is Rs. 5 crores and above shall use 4 digit code;and
– Taxpayers whose turnover is below Rs. 1.5 crores are not required to mention HSN Code in their invoices.

Services will be required to be classified per the Services Accounting Code (SAC).

VidyaSunil & Associates is into practice of Tax Complaince, Audit, Accounts , Corporate / Business Finance & Outsourced CFO Services.

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