By using HSN codes, countries can harmonize their customs and trade procedures, making it easier for businesses to engage in international trade.

FAQs News: With GST, most of the goods and services were classified uniformly using Harmonised Commodity Description and Coding System or HSN.

Businesses with turnover of more than Rs 5 crore will have to furnish six-digit HSN or tariff code on the invoices issued for supplies of taxable goods and services from April 1, the finance ...