By using HSN codes, countries can harmonize their customs and trade procedures, making it easier for businesses to engage in international trade.

The HSN code classifies goods into more than 5,000 commodity groups. It is a numerical code assigned to each product or commodity and consists of a six-digit code ...

FAQs News: With GST, most of the goods and services were classified uniformly using Harmonised Commodity Description and Coding System or HSN.

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 ...

Those with turnover of up to ₹5 crore in the preceding financial year would be required to mandatorily furnish four-digit HSN code on B2B invoices.