What are the HSN Codes and GST Rates?
HSN Codes and the GST Rate both play a significant part in the accounting side of the business. Here is a quick over-view of the same.
What is a HSN Code?
Harmonized System of Nomenclature (HSN) is a system that was created for the purpose of categorizing things in a methodical manner all across the world. HSN codes are mainly used for determining GST and Customs rates. Click here to know more.
What is GST?
Goods and Services Tax
(GST) is a consumption tax on products and services sold in the Country. The tax is included in the final price and is paid by customers at the point of sale, with the proceeds going to the government. The GST is a worldwide tax that is utilized by majority of the countries. Click here
to know more.
GST is not mandatory if you are newly launching your business. However, it is strongly encouraged to get one.
HSN Codes & GST Rate
|T-shirt (Half Sleeve) and Crop Tops|
T-shirt (Full Sleeve)
Hoodie and Crop Hoodie
Toddler and Kids T-Shirts
Plain Face Mask
|Coaster (Square, Circle and Scalp)|
Mugs (Ceramic, Inner colored and Color changing/Magic mugs)
|Posters (A3 and A4)|
Framed Posters (A3 and A4)
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