"HSN code" refers to the Harmonized System of Nomenclature code, a comprehensive international product classification system. Initially proposed by the World Customs Organization (WCO), this unique ...

Goods and Services Tax (GST) is a comprehensive and unified value-added tax imposed on the majority of goods and services exchanged within a country. This taxation system replaces the previous complex ...

Under the Goods and Services Tax (GST) framework, multiple reforms have been introduced to streamline compliance and enhance tax reporting accuracy. One notable change is the requirement to include ...

The GST reporting of HSN codes in Table 12 of GSTR-1/1A is being updated as per phased implementation. Under Phase 3, effective February 2025, taxpayers with an Aggregate Annual Turnover (AATO) of up ...

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 ...