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Hsn wise gst rates in india

HSN Code List And GST Rates 2023 (Updated)

Goods and Services are both defined by specific codes under the GST Act.

Globally, more than 20,000 goods are traded using HSN codes.

Furthermore, more than 90% of world trade is done using the revised HSN codes. India is also included in the community after accepting the HSN codes procedure.

The usage of HSN codes has minimized the cost and simplified the customs procedure.

Are you facing a struggle in finding the HSN wise GST rates

Here, in this article, we have curated the latest list of goods and services. 

Let’s take a look!

Here are the links to the GST Rate list for Goods and Services with HSN Codes.

Click on the below links:

GST Rate List for Serviceshttps://bit.ly/3WLq3vP
GST Rate List for Goodshttps://bit.ly/3jpU2uI

What is the HSN code list?

For Goods, it is the HSN (Harmonized System of Nomenclature). And for Services, this system is called SAC (Servicing Accounting Code) Code System.

HSN coding has brought systematic classification of goods all over the world. 

It is a 6-digit uniform code that classifies 5000+ products and is accepted worldwide.

However, for better identification of goods, India and a few other countries use eight-digit codes for deeper classification. 

What are HSN code list with GST rate?

Is HSN mandatory in invoices?

However, it is mandatory to mention HSN Code on the invoice. 

The following individuals need to display the HSN Code on the invoice as per Notification No. 12/2017 – Central Tax dated 28th June 2017:

  • Businesses having less than Rs.1.5 crores annual turnover in the preceding financial year will not be required to display HSN Code.
  • Businesses having Rs.1.5 crores to Rs.5 crores annual turnover in the preceding financial year will be required to display the first two-digit (Chapter) of the HSN code.
  • Businesses having more than Rs.5 crore as annual turnover in the preceding financial year should display the first two-digit (Chapter) and chapter heading of the HSN code.

Who can use 4 digit HSN code?

HSN codes of 4 digits will be required for taxpayers with a turnover of more than Rs. 5 crores in the preceding financial year. 

What is a 4-digit and 6-digit HSN code?

A 4-digit HSN code is mandatory for taxpayers in the preceding financial year who are having a turnover of up to Rs. 5 crores. 

However, a 6-digit HSN code is mandatory for turnover above 5 crores and it is compulsory to mention in GSTR-1 w.e.f. 1st August 2022.

What is 8 digit HSN code?

The first two digits represent the chapter number, the next two digits represent the heading number, the next two digits constitute the subheading, and the last two digits represent the tariff items. 

How to add HSN code in GST portal?

Steps to add HSN Code in GST Portal:

1: Login to the GST portal.

2: Go to Services > Registration > Amendment of Registration Non-core fields.

3: Click on the ‘Goods and Services’. Click on goods.

4: Search for the relevant HSN chapter by entering the HSN code or name of the item.

5: Click on ‘Save and continue’. Click on the ‘Save’ button.

6: Complete the verification and submit via DSC or EVC.

What is HSN code for aggregate?

HSN CodeProduct Description
  2517Pebbles, gravel, broken or crushed stone, of a kind commonly used for concrete aggregates, for road metalling or for railway or other ballast, shingle and flint, whether or not heat-treated; macadam of slag, dross or similar industrial waste, whether or not incorporating the materials cited in the first part of the heading; tarred macadam; granules, chippings and powder, of stones of heading 2515 or 2516, whether or not heat- treated
    251710Gravel, gravel, crushed stone, or crushed stone of the kind commonly used in concrete aggregates for road paving, railway concrete aggregates, or other crushed stones, shingles and flint, whether heat treated or not: 
  2521Limestone flux; types of limestone and other calcareous stones used in the production of lime or cement
    252100Limestone flux; Limestone and other calcareous stones of the kind used in the manufacture of lime or cement:
  6815Articles of stone or other mineral matter (including carbon fiber, carbon fiber articles and peat articles), not otherwise specified or included
    681510Non-electrical articles of graphite or other carbon:
HSN Code for Aggregate

Is GSTR-1 compulsory for HSN?

Yes, GSTR 1 form is mandatory to be filed. 

The GSTR-1 form is nothing but the return of reporting about your business. 

This is filed by the normally registered taxpayers either once a month or quarterly. 

Is HSN mandatory for small businesses?

Yes, businesses with total revenue of up to 5 crores must include an HSN summary with a four-digit HSN number in their GSTR-1 form.

Also, HSN is compulsory for taxpayers whose turnover is more than Rs. 5 crores in the preceding financial year.

Is HSN mandatory for B2C sales?

No, HSN is not mandatory for B2C sales.

Businesses with a turnover less than or equal to Rs. 5 crores must use a 4-digit HSN code for all the B2B invoices. 

However, for B2C invoices this reporting is optional. 

Is 4 digit HSN code valid?

Yes, the 4-digit HSN code is valid and is available for taxpayers w.e.f. 1st August 2022. 

Furthermore, taxpayers are required to report a minimum of 4 digits or 6 digits of the HSN Code in Table 12 of GSTR-1 on the basis of their Aggregate Annual Turnover (AATO) in the preceding Financial Year.

Who can use 6 digit HSN code?

6-digit HSN codes are used by businesses with turnover above 5 crores on the GST Portal,  w.e.f. 1st August 2022.

Frequently Asked Questions(FAQs):-

Which state GST code is 33?

33 is the GST code for Tamil Nadu.

What is 10 digit HSN code?

A 10-digit code is used to classify products for export, known as a Schedule B number, with the first six digits being the HS number in The United States. 

What is the turnover limit for the HSN code?

Rs. 5 crores is the turnover limit for the HSN code.

For taxpayers whose turnover is more than Rs. 5 crores in the preceding financial year, the HSN code is mandatory for up to 6 digits in invoices.

What is HSN code for financial services?

The HSN Code for Financial and related services is 9971.

Can a product have two HSN codes?

No, a product can’t have two HSN codes. HSN code is unique for every product.

Wrapping Up

Hopefully, you have understood the concept of HSN and all your questions related to the 

HSN Code List and GST Rates 2022 (Updated) are now answered.

Even if you have any queries related to this article, feel free to comment in the comment section below.

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