GST Consultant
24 Points
Joined November 2016
HSN codes for Goods and Service Tax (GST) in India
Various states in India presently have their own systems for classifying goods for tax rate determination. However, with the coming Goods and Services Tax (GST) regime, there’s a desire for more uniform classification – not just on the national level but internationally. Hence the move to the Harmonised System of Nomenclature (HSN) for goods and the Service Accounting Code (SAC) system for services. In this whitepaper, we’ll focus on HSN codes as they relate to GST.
What are HSN codes?
HSN or HS (Harmonised Commodity Descriptttion and Coding System) is a multipurpose international product nomenclature developed by the World Customs....
Read more at - https://www.avalara.com/in/learn/whitepapers/hsn-codes-goods-service-tax-gst-india/