What is HSN code? Understanding its Significance
HSN stands for Harmonised System of Nomenclature . HSN code is used worldwide to identify different categories and types of products. Usually HSN code is 6 digits long but in India there are additional 2 digits are used to add deeper details. This code was introduced in 1988 by World Custom Organisations for classification of goods both Domestic and International . How to find your HSN code? You can easily find your HSN code At GST portal just follow these simple steps: Visit: https://www.gst.gov.in/ Go to – Services – User Services – Search HSN Code You will need to enter Chapter, Name or code, in case if you don’t have these details you can download the HSN excel sheet and search there. HSN Code in India In India, HSN codes are used to regulate trade and make it easy to check and compute the GST rate that is payable on every item. Using the HSN code, anyone may obtain the GST rate for their products, making trading faster and easier. It is also required to utilise the correct HS