Domain Purchase Hsn Code

The importance of the hsn code.

Domain purchase hsn code. Under hsn all the goods and services are divided into 21 sections 99 chapters. For example if you are selling fresh bananas you can find your hsn code under section 02. Under 99 chapters there are 1244 headings and 5244 subheadings. If you are exporting bananas your hsn code will be 08 03 9010.

Hsn code is important for gst registration migration and enrolment as it is required to be compulsory given for all the different items a business manufactures trades or retails. Site formation and clearance services including preparation services to make sites ready for subsequent construction work test drilling and boring and core extraction digging of trenches. Service code hsn tariff service description 1 2 995431. The hsn code aids in determining the quantity of all items imported or traded through a nation.

Other apparatus for the transmission or reception of voice images or other data including apparatus for communication in a wired or wireless network such as a local or wide area network other than transmission or reception apparatus of heading. They are mentioned below. Businesses will thus need to be aware of the hsn code list and sac code list for all gst applicable. Peel of citrus fruits or melons heading 03.

Under gst all tax invoices raised by a supplier of goods or services must contain the respective hsn code or sac code sac code is applicable for services and stands for services accounting code. Application of hsn code in india. Based on the hsn or sac code gst rates have been fixed in five slabs namely 0 5 12 18 and 28. Sac code for website software development.

Each item which is used for trade or commercial use it is identified with 8 digit code using the hsn code rules. Sac code was initially introduced by the service tax department and was later adopted under gst as well. Hsn code is harmonised system nomenclature. In easy language it is the serial number of different items goods and services in goods and services tax gst.

Your hsn code will be 0803. No hsn code is required to businesses whose turnover is less than 1 5 crore inr any company whose turnover is more than 1 5 crore inr but less than 5 crores inr shall apply 2 digit hsn code. In the gst regime each invoice will have to mention hsn code for all goods which are sold and sac code for all services which are provided. While the primary purpose of the hsn code is the systematic classification of goods it can also be used to gather data and solve problems that would otherwise be difficult to obtain.

Hsn codes are unique for each product. Telephone sets including telephones for cellular networks or for other wireless networks. Vegetable products chapter 08. There are certain criteria on which the hsn depends on.

Bananas including plantains subheading 9010.