GST HSN Code List PDF Download in for free using the direct download link given at the bottom of this article.
GST HSN Code List
HSN stands for “Harmonized System of Nomenclature” which was developed by the World Customs Organization (WCO). WCO’s main objective for introducing HSN codes is to classify all the goods systematically.
It clears the confusion and helps in domestic and international trade between the countries. More than 20,000 goods are traded using HSN codes across the world between the countries.
More than 90% of world trade is done WCO using the revised HSN codes. India also included in the community by accepting the HSN codes procedure.
The use of HSN codes is mainly for dealers and trades. They must adopt 2 digits, 4 digits, and 8 digits HSN codes depending upon the following criteria.
- If the business turnover is less than Rs.1.5 crores then there is no need of adopting the HSN codes.
- If the business turnover is between Rs.1.5 Crs to Rs. 5 Crs then, they must adopt 2 digit HSN codes for the business trades.
- If the business turnover is above Rs.5 Crs then, they must adopt 4 digit HSN codes for the business.
- In the case of Import and export dealings and international trades, one must adopt 8 digit HSN codes for the business trades.
You can download the GST HSN Code List in PDF format online from the link given below.