what is HSN/SAC code and can one HSN code have multiple GST rates?
Gst rates
Nidhi Verma (Accountant) (23 Points)
08 August 2017
Nidhi Verma (Accountant) (23 Points)
08 August 2017what is HSN/SAC code and can one HSN code have multiple GST rates?
Priya
(Financial Advisor)
(397 Points)
Replied 08 August 2017
HSN code (Harmonized system of nomenclature) is a way of categorizing products in Trade and was developed by world customs organization.
You all must be eager to know what is HSN code and GST rate finder. So I would like to tell you that each and every business with the coming of GST in India is required to declare a list of goods they are dealing in. The statement is required along with the HSN code of such product. The system will automatically pick tax rate under GST rule based on these HSN codes.
Yes, one HSN code can have multiple GST rates.
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