how HSN code determined ?

[#1]

Hi,

How the HSN code is determined ? is it with respect to material / plant ?

where we can able to see the config for that ?

Because I am getting an error while posting invoice, that "Please enter a valid HSN/SAC code for invoice (56012897)"....

[Former Member]

In tcode- J1ID you can create HSN CODE chapter id, same HSN code need to be update in material master MM02

[Former Member]

Firstly maintain HSN code (Control Code) in View V_T604F - then maintain the same in Material Master.

Please note that HSN code in Material Master needs to be @ Plant Level. So for different plant for the same material HSN code needs to maintain separately.

[former_member601407]

No. my doubt is where the HSN code is created ? (T-Code) & how it should be created ? (is there any standards like first 2 digits state code like that).... also what is the use of maintaining HSN code ?

[former_member337117]

Subin,

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.

Pls check both, and ask your FI consultant whether the tax percentage combinations are maintained in FV11 or not?

This should resolve your issue.

Regards,

Vignesh Bhatt

[former_member601407]

No. my doubt is where the HSN code is created ? (T-Code) & how it should be created ? (is there any standards like first 2 digits state code like that).... also what is the use of maintaining HSN code ?

[former_member337117]

Subin,

As far as the creation of HSN code is concerned, you need to create it in V_T604F in SM30.

Regarding, how it should be created?

The Govt. of India has already released excessive list of HSN codes for every products, which you Finance or Accounts team are well aware of. It is not something which you can create as per your requirement. Ask for HSN codes from Accounts team and maintain the same in configuration.

Regarding, Use of maintaining HSN code :

It is for populating of taxes (SGST, CGST, IGST, UTGST). If you still have doubts regarding it, have one-to-one meeting with Accounts team and ask them to have a knowledge sharing session regarding GST and HSN codes else Google it. Your doubts will get clear.

Regards,

Vignesh Bhatt

[Pardhasaradhi_Reddy_Chelikam]

Hi,

Did you maintain control code in material master under foreign trade data?

Regards

Pardha

[former_member601407]

No. my doubt is where the HSN code is created ? (T-Code) & how it should be created ? (is there any standards like first 2 digits state code like that).... also what is the use of maintaining HSN code ?