How to create hsn code in sap
How do I create a HSN code in SAP?
HSN code is maintained in material master through MM01/MM02 in control code in the tab “Foreign Trade Import”. And it’s taxes against the condition type with combination of plant+material+region of CGST/SGST/IGST/UTGST is maintained in FV11.
How is HSN code generated?
HSN in India
It was originally using 6-digit HSN codes to classify commodities for Customs and Central Excise. Later Customs and Central Excise added two more digits to make the codes more precise, resulting in an 8 digit classification.
How do I find my HSN code in SAP?
What is HSN code in SAP?
The Harmonized System Nomenclature (HSN) code is a product coding system to determine the correct applicable rate (including exemptions, if any) for goods, while the Service Accounting Code (SAC) is a set of codes that classify and categorize services under the Goods and Services Tax regime in India.
How do I find my HSN code GST?
For example, if you are selling fresh bananas, you can find your HSN code under Section 02: Vegetable Products, Chapter 08: Edible fruits and nuts; peel of citrus fruits or melons, Heading 03: Bananas including Plantains, Subheading 9010: Bananas, fresh. Your HSN code will be 0803.
What is SAP code in GST?
In Customer Master Data,the region tab is defined as per SAP but as per GST law the state code is different & the state code is mandatory in the Invoice printing. So how can we correct this state code in SAP as per GST law.