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GST HSN Code List
HSN represents”Harmonized system of Nomenclature” that has been designed by the World Customs Organisation (WCO). WCO’s key aim for presenting HSN codes would be to categorize all of the products methodically. It calms the confusion and aids in national and global commerce between the nations. More than 20,000 goods are exchanged with HSN codes around the entire planet between your nations. More than 90 percent of world trade is done WCO with the revised HSN codes. India also contained from town by embracing the HSN codes procedure.
Using HSN codes are mainly for traders and transactions. They have to embrace 2 specimens, 4 specimens, and 8 specimens HSN codes determined by these criteria.
- In the event the small organization enterprise turnover is much less than Rs.1.5 crores then there’s absolutely not any requirement of embracing the HSN codes.
- In the event the small organization enterprise turnover is between Rs.1.5 Crs into Rs. 5 Crs afterward, they must embrace two digit HSN codes to the company enterprise transactions.
- In the event the small organization enterprise turnover is above Rs.5 Crs afterward, they must embrace 4-digit HSN codes to the company.
- In the instance of export and compounding transactions and global transactions, an individual has to embrace 8 digit HSN codes to the business transactions.
You can download the GST HSN Code List in PDF format online from the link given below.
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Alternate Links for GST HSN Code List PDF
You can also visit the official / source website to download the PDF from following links: https://cbic-gst.gov.in/pdf/goods-rates-booklet-03July2017.pdf