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What is full form of HSN code for excise?

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∙ 13y ago

Updated: 9/21/2023

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∙ 13y ago

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What is HSN code?

The HSN is a multipurpose international product terminology acknowledged by the World Customs Organization. The purpose of using the HSN codes is to ensure that GST billing practices are in accord with international standards of product nomenclature. Also every business with the coming of GST in India is required to declare a list of goods they are dealing in. The declaration is required along with the HSN code of such commodity and one HSN code has only one GST rate. The system will automatically select pick rate as per GST rate finder based on these HSN codes.

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