GST
HSN Code
Definition
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What is HSN Code?
Harmonized System of Nomenclature (HSN) is an internationally standardized system of names and numbers for classifying traded products. Developed by the World Customs Organization (WCO), HSN codes are used in India for goods under GST to determine applicable tax rates. Businesses with turnover above Rs. 5 crores must mention 6-digit HSN codes on tax invoices.
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