Under Indirect Tax Laws, classification is the categorization of goods or services crucial to ascertain whether a subject matter is exigible to tax, exemption, rate of tax etc. In GST regime, classification of goods has to be in accordance with Customs Tariff Act which is based on the Harmonized System of Nomenclature (HSN). The classification of services is based on the service code (tariff). Classification of goods or services is a complex procedure of ascertaining whether goods or services are composite, non-composite or mixed, and how to resolve competitive entries etc.

To provide some solution to these issues, the Indirect Taxes Committee of the ICAI has come out with “E-Handbook on classification under GST’. This e-publication interalia covers meaning, need, principles/rules to be considered, steps to be followed etc. for aptly classifying goods/services. This e-handbook provides a deeper knowledge of provisions pertaining to Classification of goods and services under GST in a simplified manner along with relevant notifications issued and few judicial pronouncements.

Book Cover Following topics-

1. Introduction

2. Identification of Supply of Goods or Services

3. Classification of activities which are neither Supply of Goods nor Supply of Services

4. Identification of Composite Supplies or Mixed Supplies

5. Classification of goods as per Notification

6. General Rules of Interpretation

7. Classification Principles Evolved By Courts

8. Classification of Services as per Notification

Download Free e-book by ICAI on HSN Classification under GST (Direct Link)

More Under Goods and Services Tax

2 Comments

  1. Shruthi Sharma says:

    Hi Admin,
    Thank you for sharing valuable information with us
    Can You also give me following questions Answer:

    1. What is the difference between HSN and SAC code?
    2. How to import the GST HSN/SAC code in Tally from Excel

    Thanks and Regards,
    Shruthi

  2. G M DEVENDRAN says:

    IN NEW FORMAT OF SAHAJA AND SUGAM RETURN IMPLEMENTED I WANTS TO CLARIFICATION ALL REGULAR AND COMPOSITION DEALER MUST SUBMIT PURCHASE INVOICES AND THE COMPOSITION DEALER CAN CLAIM INPUT CREDIT PLEASE SEND CLARIFICATION WITH IN TIME

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