watch_later 06/05/17

HS Code concept is a new for people dealing in VAT earlier. How to select HS Code for your product under GST?

1 Response | Latest response: 06/05/17 | Sort by Likes(thumb_up) Recent | GST Reply
watch_later 06/05/17

HS Coding system is not a new concept. In fact from past 3 decades HSN or HS Code or Harmonized System (HS) is being adopted by numerous countries.

HS codes are categorised based on category of products. For example, all machinery parts will be included under one chapter and full machines under separate chapter.

For GST, you can search the full exhaustive list with description of your product. While checking the products for applicable HS code under GST, you should check:

  • Specific description if available,
  • Select code from similar listing, example if your sell Pepper there are various codes pepper (dehydrated and non-dehydrated etc.)

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