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HSN CODE GST RATE

Jayaprasad6819@gmail.com Prasa (7 Points)

08 December 2020

hi,
anybody can explain details concept of HSN code and GST rate on the products.

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3 Replies

prasad Nilugal ( GST Practitioner & Accounts ) (14171 Points)
Replied 08 December 2020

1) HSN stands for " Harmonized System of Nomenclature " in India . HSN has 8 digit uniform code that classifies more than 5000 products and is accepted world wide

2) GST rates are Tax rates charged on almost all Goods & services @ 5% , 12% , 18% , 28% .

Bharat Lal (2 Points)
Replied 08 December 2020

Hsn code4817

debora M (BUSINESS DEVELOPMENT MANAGER) (1697 Points)
Replied 08 December 2020

HSN code is a 6-digit uniform code that classifies 5000+ products and is accepted worldwide. It was developed by the World Customs Organization (WCO) and it came into effect from 1988.HSN or HS (Harmonised Commodity Descripttion and Coding System) is a multipurpose international product nomenclature developed by the World Customs Organization (WCO).