HSN/SAC code reporting in GST returns is guided by turnover thresholds and nature of sales. Aggregate turnover includes taxable, exempt, nil-rated, and export supplies, excluding inward supplies under ...

With GST, most of the goods and services were classified uniformly using Harmonised Commodity Description and Coding System or HSN. The HNS is a multipurpose international product nomenclature ...

Recent communications from GSTN and CBIC have shed light on important aspects of HSN (Harmonized System of Nomenclature) code reporting in Table 12 of GSTR-1, particularly concerning B2B ...

Businesses with turnover of more than Rs 5 crore will have to furnish six-digit HSN or tariff code on the invoices issued for supplies of taxable goods and services from April 1, the finance ministry ...

Goods and Services Tax (GST) is a comprehensive indirect tax levied on the supply of goods and services in India. It is categorised into different slabs like 5%, 12%, 18%, and 28%. Knowing GST rates ...