FinMin notifies revised HSN for GST purpose

New Harmonised System of Nomenclature will be applicable on various food, non-food items  The Finance Ministry has notified new HSN (Harmonised System of Nomenclature) for number of various food and non-food items under Goods & Services Tax (GST) law. These will be applicable from January 1. There is no change in GST rate but only in HSN.  Experts say businesses are required to notic…