Find HSN Code, SAC for GST Rates from Verified Sources. Search the Free Database Now.
updated on 23-07-2020
I am going to answer following questions in this tutorial
—
How to find GST Rate for goods and services in business?
⦿
⦿
How to find HSN/SAC using Tax Rate?
⦿
⦿
How to find GST rate using HSN/SAC?
⦿
⦿
How to find item wise HSN/SAC?
⦿
⦿
How to find company wise HSN/SAC?
⦿
What, Why and Who should use HSN/SAC?
—
Hello, I welcome you all to the another Business Article of Sewa Diary. This article is going to be very useful especially for small businesses, bookkeepers and accountants locating in India. I have tried my best to write this article in the simplest manner so that any startup or small business owner can understand and implement the knowledge easily.
There are lakhs of websites are available across the internet to find or
, but do you know how much of them are authenticated or regulated by a verified body of individuals? Probably you don't know. These are common but serious questions, because the answers of these questions are connected with one of the core activities of any business. If once you select wrong HSN or SAC by mistake and started the billing process using the same, then it is going to be very complicate and difficult for you to revert the changes and to rectify the errors in future.
So, in this tutorial i am going to provide the list of authenticated websites from where you can verify the HSN/SAC and the relevant GST rates applied on them.
Be careful while you choose HSN code or SAC for your products and if you're new to the business world then i recommend you to read this educational article till the end to get the fruitful results. Be informed that your single mistake can become the reason of failure or ruin the business life.
So, be connected to the internet and follow the step by step guide as follows.
According to me, billing is the easiest work but doing a error-free and correct billing is the most challenging work i have ever done in my life. Invoicing or Billing is a core part of any business and it is a point of great challenge for those businesses which use product wise HSN or SAC system.
Normally, during a business transaction seller issues invoice to buyer and receive consideration in return. In preceding year, If a business crosses the basic limit of turnover as decided by Government of India, then it is compulsory for that business to enroll and register itself for a GST Number and start charging indirect tax (CGST, SGST or IGST) in its invoices.
After getting GST number, A registered business has to charge tax on base value of product(s) in each invoice issued to its customer. But there are few questions that comes to mind that "How much tax is to be charged?" , "Is it only 1 tax type that is to be charged for all Goods and Services both", "Is it only 1 type of tax that is to be charged for all items of a single business?" and many more like this.
There is a product-wise tax-rate slab available under GST which is decided and provided by the Government of India. The draft list of HSN codes has released and available in the public domain can be assessed on the government GST website. A business can find its item from this slab and start charging the predecided GST type as given in the list. But the crux come to the picture, when a business has to issue Tax Invoice with product-wise HSN code or SAC.
HSN/SAC under GST – The Crux
 |
| Updated on 23-07-2020 |
Harmonised System of Nomenclature (commonly called HSN code) and Service Accounting Code (commonly called SAC), is an internationally accepted product coding system.
Before the implementation of GST in India, HSN codes and SAC were only used for exporting goods or services under Excise, Customs and state Value Added Tax (VAT) laws. But now under GST, these HSN codes and SAC are used for the purpose of classification of products or services And tax rate is charged according to HSN Code or SAC used.
HSN codes are mandatory to be used and mentioned on Tax Invoice by the taxpayers who have crossed a certain limit of turnover in preceding years. And the businesses who have not crossed the limits yet, can either use or not as per their convenience. The different limits of turnover are giving as follows:
⍰ What, Why and Who should use HSN
| Sr. No. | Type of Turnover | More ↗ |
| 1 | Taxpayers whose turnover is Rs. 5 crore and above shall use 4 digit HSN code. | source |
| 2 | Taxpayers whose turnover is above Rs. 1.5 crore but below Rs. 5 crore shall use 2 digit HSN code | source |
| 3 | Taxpayers whose turnover is below Rs. 1.5 crore are not required to mention HSN code in their invoices. | source |
So, here i am going to provide a list of websites from where you can search HSN code or SAC and Find the relevant GST rates applied on them.
List of useful websites for finding HSN or SAC and GST Rates
Click the name of company provided in the list below, then search the HSN/SAC on company's website.
1. HSN/SAC Finder by Ministry of Finance, Government of India ↗
 |
| Source: https://cbic-gst.gov.in/gst-goods-services-rates.html | Updated on 21-06-2020 |
Features: This is the most trusted database maintained by Central Board of Indirect Taxation and Customs (CBIC). This source of information is widely used by other private websites for maintaining their own websites and running their businesses. This database is available for common public and anybody can find the HSN code under Goods section and SAC under Services Section. No sign in or sign up required.
Drawback: As of now (21-06-2020), user cannot find using 8 digit HSN code. It can find the information using 4 digit HSN code only or the information can be fetched using product name. User can not check whether the selected HSN is correct or not (means whether it is used by others or not in same business type)
2. HSN/SAC Finder by Marg Erp. Ltd. ↗
 |
| Source: https://www.margcompusoft.com/DownloadHsnCode.aspx | Updated on 21-06-2020 |
About Website: It is an Accounting & Billing Software Provider Company. It creates industry oriented billing software, especially for
Pharmaceuticals businesses (like retailers, distributors &
manufacturers) and for Supply chain management it has also launched
mobile apps. It also provides Free Accounting & Billing Software – Download Now.
Features: On the company's website, any user can find, filter and download Company Wise HSN/SAC List. For example: you can download the HSN/SAC used by well known brands like Dabur, Himalaya and many more. No sign in or sign up required.
Drawback: I am not confirmed that whether the HSN/SAC provided by companies is correct or not. I don't know the origin or primary source of data. It is provided only for educational and guidance purposes and do not hold any legal validity. For complete details like: laws, rules, notifications and other information, please refer to the CBIC website (i.e. www.cbic-gst.gov.in)
 |
| Source: https://gst.taxmann.com/gst-rate-finder.aspx | Updated on 21-06-2020 |
About Website: Taxmann India is one of the leading publisher on taxation and corporate laws. According to company's website: the group Taxmann was established in year 1960 by Shri U K Bhargava. They are associated with well-known departments of Government of India.
Features: According to me, it is one of the most reliable source of information on taxation and corporate laws. It provides education material for different competitive exams in print as well as electronic form. To find HSN/SAC detail, It is mandatory to login by creating a new account or using existing account details on Taxmann website, and only then user can access the HSN/SAC database.
Drawback: Common public can not access the database until it creates a account on Taxmann website. It collects the personal information first and then give access to the database. Sign in or Sign up required.
4. Find HSN/SAC for GST by Zoho Books ↗
 |
| Source: https://www.zoho.com/in/books/gst/hsn-sac-finder/ | Updated on 21-06-2020 |
About Website: According to company's website, When you choose Zoho, you get more than
just a single product or a tightly integrated suite. It is one of the best online Accounting & Billing Software provider company. To download free accounting & billing software, > Click Here <
Features: There is no need to sign in or sign up to access the database. You just visit company's website and search HSN/SAC for GST.
Drawback: Related to subject matter of this article, i have found no drawback till 21-06-2020. But if you have faced any issue with Zoho Books, you can submit your comment at the end of this post.
 |
| Source: https://cleartax.in/s/gst-hsn-lookup | Updated on 21-06-2020 |
About Website: Cleartax is run by Defmacro Software Pvt. Ltd. According to company's website It's a Bangalore-India based Financial-Technology platform, which provides solutions for Income Tax filing, GST and Mutual Fund Investments. In today's time, Cleartax is gaining more and more market share by
providing free of cost educational articles, GST software, and ancillary
services in association with E-commerce industry like Flipkart.com and
Amazon.in
Features: There is no need to sign in or sign up to access the database. You just visit company's website and search HSN/SAC for GST.
Drawback: Related to subject matter of this article, i have found
no drawback till 21-06-2020. But if you have faced any issue with Cleartax, you can submit your comment at the end of this post.
***
At The End.
You can also Send Me Email ↗ for the faster and better resolution of your queries. If you like my work and want to support, please do share this article with your friends and colleagues and do Subscribe this blog.
Thank You.
↗ Disclaimer(s) by the Author(s) of blog https://www.sewadiary.blogspot.com and its associated blogs:
1. Please consult with a qualified chartered accountant or a tax consultant and verify the HSN/SAC code provided by the HSN/SAC Search before using it for your business. We disclaim all liabilities arising out of the HSN/SAC Search.
2. Authors are not confirmed that whether the HSN/SAC provided by
companies are correct or not. This article is provided only for educational and guidance purposes and
do not hold any legal validity. For complete details like: laws, rules,
notifications and other information, please refer to the CBIC website
(i.e. www.cbic-gst.gov.in)
3. We have tried to gather information to the best of our knowledge and efforts. However, we are not responsible for any discrepancy found in the data. Please confirm with your principal companies/suppliers.
Comments
Post a Comment