WebNov 22, 2024 · The 8-Digit HS Code Structure includes: A two-digit country code. Six digits describe the product or service. A check digit. Excerpt Chapter 91, there will be no blanks in an HSN code. So, for example, a 7-digit HS Code such as 09 would indicate Chocolate & Cocoa products. Understanding The HS Code In India WebApr 1, 2024 · The said changes are effective from 01st April 2024. Therefore taxpayers are advised to be ready with 6 digit HSN / SAC codes for their applicable goods or services and incorporate the same into their billing …
Mandatory to mention 4/6-digit HSN/SAC Code wef 01.04.2024
Web870490. Motor vehicles for the transport of goods, with engines other than internal combustion piston engine (excluding dumpers for off-highway use of subheading 8704.10 and special purpose motor vehicles of heading 8705) 18%. 87041010. DUMPERS DESIGNED FR OFF-HIGHWAY USE WTH NET WT >8 TONS AND MAXM PAY-LOAD … WebMay 2, 2024 · Under the guidelines of WCO, the first 6 digits of the HSN code cannot be changed but the remaining four can be easily changed as it includes National tariff and Regional tariff which are changed less frequently by the customs authority of any country. What is an HSN Code for GST? french tarts bakery
HSN Code List & GST Rate Finder - What is an HSN Code for …
WebSimilarly, HSN is the six-digit uniform code which classifies 5,000+ products and is acceptable worldwide. HSN is applicable under GST in India to classify the products and levy tax on it. What is SAC Code? SAC code is a similar concept like HSN. The full form of SAC code is Service Accounting Codes. WebMar 11, 2024 · The Central Board of Indirect Taxes ( CBIC) issued Notification No. 12/2024-Central Tax dated June 28, 2024, to show specified digits of Harmonised System of Nomenclature ( HSN )/ Service Accounting Code ( SAC) Code on raising of tax invoices for supply of goods or services as under: WebMar 18, 2024 · The above changes of mentioning 4/6 Digit HSN/ SAC code, as applicable, are also required to be shown in Table 12 of Form GSTR-1 (i.e., details of outward supplies of goods or services) and therefore, … french tart name