Goods and Services Tax – Started By: – SUSHIL GOYAL – Dated:- 29-5-2017 Last Replied Date:- 6-6-2017 – What is HSN Code. In FAQ issued by cbec on 31/03/2017 it is said that a person whose turnover is upto ₹ 1.50 crore need not mention any HSN Code. A supplier having turnover between 1.50 Crore and 5 Crore will mention 2 digit HSN Code and with turnover more than 5 Crore 4 digit HSN Code will be mentioned. My query is that in the HSN Code list we find two digit code as Chapter and 6 digit or 8 digit codes for products. Pl clarify. – Reply By MARIAPPAN GOVINDARAJAN – The Reply = FAQ may be revised. – Reply By Himansu Sha – The Reply = HSN means Harmonised systems of Nomenclature. It also exists now describing the taxliability on variou
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