Indian Company Master Data Made Simple

HSN Code

3 min read

Quick Summary

HSN Code is a 6-8 digit code used for classifying goods under GST.

HSN Codes are used to classify goods for taxation. Turnover < ₹5 crore: 4-digit HSN optional. Turnover > ₹5 crore: 6-digit HSN mandatory. Exports/importers use 8-digit codes.

Key Points

  • Goods classification
  • 6-8 digit codes
  • Based on turnover
  • Mandatory for large taxpayers
  • Uniform classification