GST HSN Code — ASO

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GST is a single tax on the supply of goods and services, right from the manufacturer to the consumer. It is to streamline all the different types of indirect taxes and implement a “single taxation” system which aims to remove tax barriers between states and create a single market. GST- Goods & Services Tax, levied both on Goods and Services. HSN- Harmonized System of Nomenclature, which is internationally accepted product coding system used to maintain uniformity in classification of goods under the GST regime. SAC- Service Accounting Codes, which are adopted by the Central Board of Excise an…

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