Checkout exclusive HSN Code List for GST India updated for latest month in PDF. Users will require the list of HSN Code to enroll and register for GST. In our earlier article, we have already clearly explained the detailed step by step procedure to register for GST and also the GST Applicability date. The HSN Code List for GST is very long, so we have provided it in PDF format for your reference.
Download HSN Code List for GST
|Applicable for||All Industries|
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Impact : GST HSN Code List
Currently in India, there are many direct and indirect taxes imposed on goods/services, right from its manufacture to its sale and eventual consumption, both at central and state levels, thereby unrealistically increasing overall cost to the end user.
To mitigate this burden, the Central Government proposed the Goods and Services Tax (GST). GST combines central excise duty, additional excise duty, service tax, state VAT & entertainment taxes under one banner.
Goods and Services Tax (GST) was introduced as a Constitutional Amendment bill in the Lok Sabha on 19 th December 2014 and passed by the house on 6th May 2015. However, it took more than a year for the Rajya Sabha to pass this on 3rd August 2016. The bill after ratifications by the states received the Presidential assent on 9th September 2016. GST is expected to come into force by 1st July 2017.
Implementation of the Goods and Services Tax (GST) will have a significant impact on the real estate sector, where, a property under construction, is taxed under VAT and Service Tax. The Goods and Services Tax (GST) will replace all these with a single tax, which shall, in the long run, reduce the overall cost of home ownership. The stamp duty and registration fees, however, will be outside the purview of the Goods and Services Tax (GST).
Conclusion : HSN Code List for GST
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