GST Classification: HSN Codes for Goods and SAC for Services Explained by Turnover Requirements
Goods under the GST regime are classified using the Harmonised System of Nomenclature (HSN) code. Taxpayers with a turnover between 1.5 crores and 5 crores must use a 2-digit code, while those with a turnover of 5 crores and above must use a 4-digit code. Taxpayers with a turnover below 1.5 crores are not required to use HSN codes on invoices. Services are classified according to the Services Accounting Code (SAC).
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