SAC - HSN code under GST


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SAC - HSN code under GST HSN codes at 8 digits will be mandatory in case of export and imports. The GST law has to be compatible with international standards. For taxpayers with turnover between Rs 1.5 Crores and Rs 5 Crores in the preceding financial year, HSN codes need to be specified only at 2-digit chapter level.  HSN code of 4 digits will be mandatory for taxpayers having turnover more than 5 crores. Turnover will be taken on self-declaration basis for IST year and afterwards turnover of the previous year shall be used. #zip

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  on 20 March 2017

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