Is HSN code 4 digit or 8 digit?

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.

What is a GST rate on HSN 4202?

GST Rates of Goods

What is the GST rate for HSN code 87089900?

18%

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

How do I find my 8 digit HSN?

The Bifurcation of HSN Code The chapters are further divided into headings, sub-headings and tariff items. 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.

What is 4 digit and 6 digit HSN code?

Headings (4 digits HS), subheadings (6 digits HS), and tariff items are all categorised under HS codes in Customs Tariffs (8 digits). Furthermore, the GST portal includes an HSN search function. HSN Codes are extensively used by manufacturers and importers/exporters.19-Aug-2022

What is a GST rate of 4819?

Cartons, boxes and cases of corrugated paper or paper board, fall under heading 4819 and attract 12% GST.

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 the GST rate of HSN code 3926?

GST Rates & HSN Codes on Plastics, Gloves, Polyesters, Resins, Natural Polymers

What is HSN 39269099?

The export import data from Seair paves the way for successful partnerships that generate profit for business from both the local and global precincts.HS Code used for 39269099 - Import.

What is HSN code for Labour charges?

The current HSN Code 998519 relates to Other employment & labour supply services n.e.c.

Can I claim GST on truck purchase?

If you are engaged in the business of transportation of passengers, then you can claim ITC for GST paid on purchase of motor vehicles like car.

Is 4 digit HSN code valid?

It also follows that the declaration of HSN at 4/6 Digits has to be out of valid HSN codes only.Clarification on reporting 4-digit/6-digit HSNs.

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

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.

Is 8 digit HSN code mandatory?

HSN code reporting became obligatory while preparing the GSTR-1 return on April 1, 2021. The updated declaration requires taxpayers with an annual aggregate turnover of more than Rs. 5 crore to include the HSN code on all tax invoices.12-Sept-2022

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.

Is HS code and HSN code same?

HSN Code is the same as the Harmonised System Code (HS Code) in shipping. However, it is more commonly known as the HSN in India. Like the HS Code list, each of the HSN codes for import and export of goods comprises six digits.01-Jun-2022

Is 6 digit HSN code mandatory?

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 do I change my HSN 4-digit to 6 digit in tally?

To configure this, Go to “Accounts Information” > “Groups” > click on “Create” > Select the “Sales Group” (Select the ledger group for which you want to set up HSN code) > Against “Set/ alter GST details”, enter “Yes” and enter the HSN code here.12-Jan-2022

What is the meaning of 6 digit HSN code?

Harmonised System of Nomenclature code

Is HSN code 4 digit or 8 digit?