Can one HSN code have multiple GST rates
No, one cannot have multiple GST rates. Each HSN code is associated with a specific GST rates based on the type of goods or services being supplied. The GST rates are fixed by the GST Council, and each is assigned a specific rate based on the category of goods or services to which it belongs. If a business supplies goods or services that fall under different they may be subject to different GST rates. It is important for businesses to correctly classify their goods and services under the appropriate to ensure accurate GST calculation and compliance with GST laws.
To visit https://www.gst.gov.in/
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