The Harmonised System of Nomenclature (HSN) is an international coding system used to classify goods for taxation purposes. In India, HSN codes are used in conjunction with GST rates to determine the tax liability of goods and services. The GST Council has introduced a simplified GST regime, reducing the number of tax slabs to 5%, 18%, and 40%, effective from September 22, 2025.
GST rates are applied to the sale of goods and services, and HSN codes are used to identify the specific product or service being taxed. The GST rate is determined by the HSN code, and businesses must use the correct HSN code to ensure accurate tax compliance. The GST rate finder tool can be used to find the correct HSN code and GST rate for a particular product or service.
The HSN code finder tool is an online resource that allows businesses to search for HSN codes and GST rates for specific products or services. The tool uses a database of HSN codes and GST rates to provide accurate and up-to-date information. By using the HSN code finder tool, businesses can ensure accurate tax compliance and avoid penalties for incorrect tax returns.
The GST rates for common products such as cement, washing machines, and air conditioners have been reduced to 18% under the new GST regime. The GST rate for essential items such as milk, medicines, and educational materials is 0%. The GST rate for sin goods such as pan masala, aerated and caffeinated beverages, and luxury vehicles is 40%.
The HSN code for cement is 6810, and the GST rate is 18%.
The GST rate for washing machines is 18%.
The HSN code for air conditioners is not specified, but the GST rate is 18%.
You can use the HSN code finder tool to search for the HSN code for a specific product. The tool uses a database of HSN codes and GST rates to provide accurate and up-to-date information.
The penalty for incorrect tax returns can vary depending on the severity of the error. Businesses that fail to file accurate tax returns may be subject to fines, penalties, and interest on the unpaid tax amount.