How do I find my 8 digit HSN code?

How do I find my 8 digit HSN code?

In the 8 digit structure of an HSN Code, the first 2 digits define the Chapter, at 4 digit level are the headings, at 6 digit are the subheadings and finally at 8 digit are the tariff items.

Is HSN code 4 digit or 8 digit?

HSN code stands for “Harmonized System of Nomenclature”. This system has been introduced for the systematic classification of goods all over the world. HSN code is a 6-digit uniform code that classifies 5000+ products and is accepted worldwide.

Is HSN 8 digit code mandatory?

Gstr-1 HSN Code Businesses can, however, optionally include the HSN code at additional digits. Businesses with up to 5 crores can use HSN at 6 or 8 digits, while businesses with more than 5 crores can use HSN at 8 digits.12-Sept-2022

What is HSN code of freight inward?

Search HS Code

How do I get HSN code?

For example, if you are selling fresh bananas, you can find your HSN code under Section 02: Vegetable Products, Chapter 08: Edible fruits and nuts; peel of citrus fruits or melons, Heading 03: Bananas including Plantains, Subheading 9010: Bananas, fresh. Your HSN code will be 0803.

What is the HSN code for 12% GST?

HSN Code 0101 to 2202 for 12% GST Rate Items [Substituted w.e.f. 01.01. 2022 vide Notification No. 18/2021-Integrated Tax (Rate), G.S.R. 893(E) dated 28.12.06-Jan-2022

What is HSN code for transportation?

The HSN CODE FOR Goods Transport Services is 9965.

Is HSN code 4 digit or 6 digit?

“Having effect from April 1, 2021, a GST taxpayer with a prior fiscal year turnover of more than ₹ 5 crore must submit a 6 digit HSN Code (Harmonised System of Nomenclature Code) or, as the case may be, SAC (Service Accounting Code) on invoices issued for deliveries of taxable goods and services.19-Aug-2022

Who can use 6 digit HSN code?

The GSTN has implemented mandatory mentioning of 6 digit HSN codes in GSTR-1 for turnover above 5 crore on the GST Portal. It shall be available for the taxpayers w.e.f. 1st August, 2022.22-Jul-2022

How many digits is HSN code?

Similarly, where HSN at 4-digits are specified, valid HSN codes as available in tariff, at 4-digit, 6-digit and 8-digit can be mentioned.Clarification on reporting 4-digit/6-digit HSNs.

Who can use 2 digit HSN code?

2-digit HSN code for goods From the second year of GST operations, mentioning 2-digit chapter level HSN code will be mandatory for all taxpayers with turnover between Rs. 1.5 crore and Rs. 5 crore in the previous financial year.

What is 2 digit HSN code?

The first two digits (39) indicates the chapter under HSN codes. The next two digits (08) indicates the headings under chapters. Next 2 digits (90) indicates the sub-headings, 6 digits HSN code is accepted worldwide. The next 2 digits (10) sub-classify the product tariff heading during import and export of supply.03-Aug-2022

What is freight charge?

Freight costs are also known as freight charges or freight rates. It is the amount paid to a carrier company for the transportation of goods from the point of origin to an agreed location.

What is the GST rate for freight charges?

5%

What is the SAC code for freight charges?

SAC Code 996511 – Road transport services of Goods including letters, parcels, live animals, household and office furniture, containers and others by refrigerator vehicles, trucks, trailers, man or animal-drawn vehicles or any other vehicles.

What is the HSN code for 18% GST?

HSN Code 1107 to 3205 for 18% GST Rate Items Vegetable saps and extracts; pectic substances, pectinates and pectates; agar-agar and other mucilages and thickeners, whether or not modified, derived from vegetable products [other than tamarind kernel powder].06-Jan-2022

What is HSN in GST?

HSN stands for Harmonized System of Nomenclature and is used to classify goods in a systematic manner. It was developed by the World Customs Organization (WCO) and is considered the global standard when it comes to naming goods.17-Sept-2021

How do I find my 6 digit HSN code?

The first two digits (39) indicate the chapter under HSN codes. The next two digits (08) indicate the headings under chapters. The next 2 digits (90) indicate the sub-headings, 6 digits HSN code is accepted worldwide.

What is GST in HSN code 9954?

GST Tax Rate: 18%

What is HSN 21069099?

21069099. FOOD PREPARATIONS NOT ELSEWHERE SPECIFIED OR INCLUDED - OTHER : OTHER : OTHER.

What is the GST rate for HSN code 9988?

5%

How do I find my 8 digit HSN code?