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8 Digit HSN Codes For Chemical Products

On 15 October 2020, the Central Board of Indirect Taxes and Customs has notified that businesses with an aggregate turnover (in the preceding Financial Year) up to INR 5 crores have to mandatorily quote four (4) digits of the Harmonised System of Nomenclature Code (HSN Code) in the tax invoice issued. Furthermore, in case the … Read more8 Digit HSN Codes For Chemical Products

Understanding HSN Codes Under GST

HSN-Codes-India-GST

Until 30th June 2017, goods coding system in India prevailed in its primeval stages and thousands of products across various states had their own coding mechanisms for classifying goods, until the advent of the new generation taxation regime – GST, which to function, demands a fully uniform and organized classification of goods, applicable PAN India … Read moreUnderstanding HSN Codes Under GST