Harmonized System of Nomenclature — an internationally standardized system of names and numbers to classify traded products, used in GST for goods classification.
HSN codes were developed by the World Customs Organization (WCO) and are used by over 200 countries. In India's GST system, HSN codes classify goods for taxation. The first 2 digits indicate the chapter, 4 digits the heading, 6 digits the subheading, and India adds 2 more digits for detailed classification. Correct HSN codes are mandatory on GST invoices and determine the applicable tax rate.
Rice has HSN code 1006. Basmati rice specifically is 10063020. This 8-digit code tells customs and GST authorities exactly what product is being traded and what tax rate applies (5% GST for rice).
Ensures accurate financial reporting and record-keeping
Helps maintain regulatory and tax compliance
Enables better-informed business decisions
Improves operational efficiency and cash flow management
Under GST: Turnover up to ₹5 crore — 4 digits on B2B invoices. Turnover above ₹5 crore — 6 digits on all invoices. For e-invoicing, 6-digit HSN is mandatory.
Use Laabam.One's free HSN Code Search tool to look up codes by product name or browse by chapter. The tool covers 21,000+ codes with GST rates.
A classification code used under India's GST system to identify and categorize services for taxation purposes.
A comprehensive indirect tax levied on the supply of goods and services in India, replacing multiple earlier taxes like VAT, excise duty, and service tax.
A standardized electronic invoicing system under GST in India where invoices are authenticated by the Invoice Registration Portal (IRP) before being issued.
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