What are the best resources to stay updated on HSN code changes?
To stay updated
on changes to HSN codes, consider utilizing the following resources:
Official Government Websites
Regularly check
the Central Board of Indirect Taxes and Customs (CBIC) website and the GST
Council's portal. These platforms provide official notifications regarding
updates, changes, and new HSN codes. The "What's New" section on
these websites is particularly useful for tracking recent developments. Further
You can find HSN code on following link of CBIC
https://cbic-gst.gov.in/gst-goods-services-rates.html
GST Portal
The GST portal is a critical resource for
businesses to monitor any modifications in HSN or SAC codes. It offers
comprehensive information and updates directly from the government site as
given below
https://services.gst.gov.in/services/searchhsnsac
You may search
HSN through HSN or Description and also given here “ Download HSN Directory in
Excel Format”
Tax Professionals and Consultants
Approach to your tax professionals who specialize in GST can
provide valuable insights into HSN code changes. They can help navigate complex
regulations and ensure compliance with the latest updates.
Industry Associations and Trade Bodies
Joining industry-specific
associations can provide access to newsletters, seminars, and bulletins that
discuss changes in HSN codes relevant to your sector. These organizations often
have resources to keep members informed about regulatory updates.
Technology Solutions
Leveraging ERP
systems that integrate GST compliance features can automate updates related to
HSN codes. Many software solutions offer real-time updates, reducing the risk
of human error in classification.
Social Media and Professional Networks
Follow relevant
government agencies and tax experts on social media platforms like Twiter LinkedIn
platform at @CBIC_India, @GST_Council for timely updates and discussions about
HSN code changes.
Trade Publications and Blogs
Subscribe to
trade publications or blogs like ICAI “Institute of Chartered Accountants of
India “that focus on GST and international trade. These sources often analyse
changes in HSN codes and their implications for businesses.
Customs Tariff and Explanatory Notes
For a detailed
understanding of how HSN changes may impact classification, refer to The Indian
Customs Tariff document, which incorporates HSN-based classifications and Updates
to the WCO’s Harmonized System (used by India as a reference) can also provide
indirect insights.
Regular Engagement with GST Practitioners
These are the "Best resources to stay updated on HSN code changes" for Staying in touch with GST
practitioners ensures consistent updates and practical advice on adapting to
HSN changes.
You may utilise these resources for your business can maintain accurate classification and ensure compliance with evolving regulations regarding HSN codes.