HSN code stands for Harmonized System of Nomenclature. It is an internationally accepted method of naming, classifying, and identifying products. HSN codes are used to classify goods to calculate GST.
HSN codes are 6-digit codes that are divided into sections, chapters, headings, and subheadings. The first two digits of the code represent the section, the next two digits represent the chapter, the next two digits represent the heading, and the last digit represents the subheading.
HSN code list pdf
https://taxindiaonline.com/RC2/pdfnoti/gst/misc/HSN-Codes-for-GST-Enrolment.pdf
https://economictimes.indiatimes.com/configspace/etmain_static/share/HSN-Codes-for-GST-Enrolment.pdf
https://www.kvic.gov.in/kvicres/update/MARKETING/GST%20MANNUAL%20FOR%20MARKET.pdf
For example, the HSN code for fresh bananas is 08039010. This code means that the product is classified under Section 08 (Edible fruits and nuts; peel of citrus fruits or melons), Chapter 08 (Edible fruits and nuts), Heading 03 (Bananas including plantains), and Subheading 9010 (Bananas, fresh).
HSN codes are used by governments, businesses, and individuals to classify goods for a variety of purposes, including:
- Calculating GST
- Importing and exporting goods
- Complying with trade regulations
- Collecting statistical data
- Conducting market research
If you are unsure of the HSN code for a particular product, you can search for it online or contact your local customs office.
Here are some of the benefits of using HSN codes:
- They provide a consistent and internationally accepted way to classify goods.
- They help to ensure that goods are classified correctly, which can help to avoid errors in GST calculations and other compliance matters.
- They can be used to collect statistical data on trade flows, which can be helpful for governments and businesses.
- They can be used to conduct market research, which can help businesses to identify new opportunities and make better strategic decisions.
If you are involved in the import, export, or sale of goods, it is important to understand HSN codes and how they are used. By understanding HSN codes, you can ensure that you are complying with all applicable laws and regulations, and that you are getting the most out of your business.