Know about HSN, SAC and GST codes
If you have never come across HSN codes before, then I am very sure and I can conclude that you have been asking yourself “what is HSN code”. Sit back as this is your opportunity to find out what is right through this article. The initial HSN stands for the Harmonized System of Nomenclature. Just as the name suggests anything to do with nomenclature is aimed at the classification of things and giving them common of standard names.
In that case, HSN is a system useful for naming goo all over the world. In that case, if you want to search a certain type of good online, all you need to do is insert a six-digit code and you will get to see if your product of choice exists.
HSN a SAC code can be used interchangeably
In actual sense, HSN also knew or serves the same purpose as SAC codes. It acceptable if these names are used interchangeably but there so much you need to distinguish between these two if you are an Indian citizen. In India, SAC (Service Accounting Codes) meant to give codes to all the services provided by Indian companies and governments as well.
The government of India has announced and released a number of SAC and has been placed on various government websites or portals. To access these SACs you need to identify the website and then the service you want using its SAC code.
How about GST codes?
Confusion has been looming when it comes to differentiating between GST, SAC, and HSN. I agree and understand that sometimes product and service codes distinction may not be our thing. But you are lucky because here we will explain what GST codes are. GST codes, if you are not aware of what it is and how it differs from the other two Indian product and service codes; is that whereas HSN and SAC offer codes for products and services respectively, GST holds the codes for both goods and services that you can find in India. Amazingly, GST the most popular code used to find products and services since it combines both goods and services.
How to search HSN codes and find HSN code list
To search for HSN and SAC codes associated with the Indian market, the first thing you need to do is locate the Indian Filling website. On this website, there is a search space where you will choose a service or product. All you need to do is determine a product based on the HSN code and SAC code of an item.
As soon as you enter the HSN code for GST, the next thing you will see is an HSN code list of all the related products. Note that there are more than 5,000 products that you can get GST HSN codes. The good thing is as soon as you input the code, the product names will pop up and then proceed to see the description of that particular product. With such an online SAC, HSN and GST code search system, you can easily identify a product or service in India and even order them from whatever manufacturer as long as they are within the boundaries of India.
More, Over Information visit: https://en.wikipedia.org/wiki/GST