GST Rates and HSN

In India now a days almost every business use GST (Goods and Services Tax) to add tax to the products. And it's a tough job for an individual to know about GST of any particular product. We provide you the solution for this problem with our user-friendly app you can get the GST rates and HSN of any product.The Harmonized Commodity Description and Coding System generally refers to “Harmonized System of Nomenclature” or simply “HSN”. It is a multipurpose international product nomenclature developed by the World Customs Organization (WCO). It first came into effect in 1988. The purpose of HSN codes is to make GST systematic and globally accepted.HSN codes will remove the need to upload a detailed description of the goods. This will save time and make filing easier since GST returns are automated.It is a mandatory requirement under GST to mention HSN/ SAC code in the GST invoice. HSN code is mandatory for all, except with a turnover less than 1.5 Cr in a financial year and a taxpayer who have done GST Registration under the composition scheme. And for supplier of services there are SAC Codes.