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HSN Codes Reporting Requirements in GSTR-1/1A

The HSN codes play an important role in GST. Every goods or services have their own HSN Codes as specified in the custom tariff. For the classification of goods there are total 98 chapters in the first schedule of the custom tariff. Hence for determining the HSN code of goods/products we have to refer those chapters of custom tariff.  For the classification of services we have to refer the chapter 99. After determining the appropriate HSN code..................... Read More