HSN Code

HSN code number is widely used in many countries to classify goods for taxation purpose, claiming benefits etc. Harmonized System of Nomenclature number for each commodity is accepted by most of the countries and the said HSN code remains same for almost all goods. However, HSN number used in some of the countries varies little, based on the nature of goods classified.

In India, when implementing GST, all goods are classified based on HSN number for GST purpose. At present, HSN number is mainly used for classifying goods to compute Value Added Tax in India. The same classification code (HSN) is adopted for classifying Goods and Service Tax, GST.

When preparing Tax Invoice for GST, the HSN number must be mentioned on GST invoice.