In this post we can understand how to download a GST HSN code list aswell as SAC code in MS Excel Format.
Downloading of HSN code is simple but most time it may not be accurate, but in tis post we can understand how to download most acerated HSN code. it is 100% free to download for your business purpose or any other matter as it time.
HSN and SAC Code list for Goods and Service Tax. MS office -Excel editable file with Product name
As per Notification No. 78/2020 – Central Tax dated 15th October, 2020, it is mandatory for the taxpayers to report minimum 4 digit or 6 digit of HSN Code in table-12 of GSTR-I on the basis of their Aggregate Annual Turnover (AATO) in the preceding Financial Year. To facilitate the taxpayers, these changes are being implemented in a phase-wise manner on GST Portal.
Part I & Part II of Phase 1 has already been implemented from 01st April 2022 & 01st August 2022 respectively and is currently live on GST Portal. From 01st November, 2022, Phase-2 would be implemented on GST Portal and the taxpayers with up to Rs 5 crore turnover would be required to report 4-digit HSN codes in their GSTR-1.
Part I & Part II of Phase 1 has already been implemented from 01st April 2022 & 01st August 2022 respectively and is currently live on GST Portal. From 01st November 2022, Phase-2 would be implemented on GST Portal and the taxpayers would need to report HSN in table 12 of GSTR-1 as per below mentioned scheme. Taxpayers with AATO of up-to 5 cr Taxpayers with AATO of more than 5 cr. • Taxpayers would be required to mandatorily report 4-digit HSN code. • Manual user entry would be allowed for entering HSN or description and in case of a wrong HSN reported a warning or alert message will be shown. However, taxpayers will still be able to file GSTR-1 To continue as it.
Credit: Image from Google
