How HSN rates are decided for different item?

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How HSN rates are decided for different item?

What are the basis of deciding different HSN rates for different items?

Profile photo of Ankita Asked By: Ankita 2 replies 0 helpful answers Last Updated: 4 months ago
  • Profile photo of AnkitaAnkita
    Participant

    What are the basis of deciding different HSN rates for different items?

  • Profile photo of Ankita MathurAnkita Mathur
    Moderator

    There are different HSN codes for different items. Before deciding HSN code for different goods – we have to consider the following things.

    • What is it
    • What materials or substances is it made of
    • What are its functions or use
    • In what form it is usually sipplied
    • Is this the only possible classification
  • Profile photo of AbhinavAbhinav
    Participant

    Deriving HSN codes is easy. Follow these simple steps to derive HSN code for any product:
    Visit the official website
    Type in the relevant chapter/heading/sub-heading (or tariff item if known) for the product.
    Type in the description of goods before clicking on the search button or pressing ‘enter’ key from your keyboard.
    You will get the results relevant to the details specified by you along with its chapter/heading/sub-heading/tariff item, CGST rate, SGST/UTGST rate, IGST rate and compensation cess.

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