About GST HSN Code
GST is a single tax on the supply of goods and services, right from the manufacturer to the consumer. It is to streamline all the different types of indirect taxes and implement a “single taxation” system which aims to remove tax barriers between states and create a single market.
GST- Goods & Services Tax, levied both on Goods and Services.
HSN- Harmonized System of Nomenclature, which is internationally accepted product coding system used to maintain uniformity in classification of goods under the GST regime.
SAC- Service Accounting Codes, which are adopted by the Central Board of Excise and Customs (CBEC) for identification of the services.
Taxpayers whose turnover is above Rs. 1.5 crores but below Rs. 5 crores shall use 2 digit code and the taxpayers whose turnover is Rs. 5 crores and above shall use 4 digit code. Taxpayers whose turnover is below Rs. 1.5 crores are not required to mention HSN Code in their invoices.
Brought to you by Winjit Technologies, this app helps you know more about various terms and concepts related to GST. The app consists of all the important documents and pdf released by the govt. regarding GST.
App also provides all important draft forms for GST in various languages
1. Draft Forms for GST
2. Draft GST Act
3. Draft GST Compensation Law
4. Draft IGST Law
5. Draft Rules
6. Final Rates
7. GST Draft Law
8. HSN & SAC Code
So why wait?? Download the app now & find all GST tax rate, HSN/SAC codes for all goods and services all in one app Completely ADS FREE!!
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