HSN Summary
Definition
A section of the GST outward-supply return that aggregates sales by Harmonised System of Nomenclature code, showing quantity, taxable value and tax for each code. The level of HSN detail required depends on the taxpayer's turnover.
Related Terms in India GST
GST Rate Slabs
The bands into which goods and services are classified for GST in India. After the GST 2.0 rationalisation effective 22 September 2025 the main slabs are 0%, 5%, 18% and 40%, with special rates of 0.25%, 1.5% and 3% for precious stones and metals.
Nil-Rated Supply
A supply that attracts a GST rate of zero per cent under the tariff. It differs from a zero-rated supply (exports/SEZ, where input credit is preserved) and from an exempt supply, and the distinction affects how input tax credit is treated.
Mixed Supply
Under GST, two or more individual supplies sold together for a single price that are not naturally bundled. A mixed supply is taxed at the rate of the item carrying the highest GST rate in the bundle.
Composite Supply
Under GST, a supply of two or more goods or services that are naturally bundled and supplied together in the ordinary course of business, with one being the principal supply. The whole supply is taxed at the rate of the principal supply.
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