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ET Explainer: What's in a number? A lot when it is numerical code HSN

In India, declaring a 4-digit HSN code is mandatory on goods and services tax (GST) invoices by businesses with turnover up to Rs 5 crore and a 6-digit code on invoices by businesses with a turnover of more than Rs 5 crore

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GST Council Meeting: Here are key announcements and its impact on Indian economy

GST Council Meeting: Here are key announcements and its impact on Indian economy
financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.

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HSN code: Understanding HSN code - The Economic Times

Synopsis The Finance Ministry has said that businesses with a turnover of more than Rs 5 crore have to show a six digit HSN number. Getty Images HSN and SAC codes are used to classify goods and services under GST regime. The ministry of finance has announced that businesses with turnover of Rs 5 crore and above will have to furnish six-digit HSN or tariff code on the invoices issued for supplies of taxable goods and services from April 1. Those with turnover of up to Rs 5 crore in the preceding financial year would also be required to furnish four-digit HSN code on B2B invoices.

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