HSN reporting in Gstr1

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This discussion clarifies the mandatory reporting of HSN codes in GSTR1. While some sources suggest it's optional for small dealers below ₹1.5 crore turnover, current regulations require all GST taxpayers to report HSN codes. Taxpayers with turnover below ₹5 crore must use at least a 4-digit HSN code, with 6-digit codes mandatory for those above ₹5 crore and 8-digit codes for imports/exports. The penalties for non-compliance are also a key concern for smaller businesses.

Shuhaib Hameed

Shuhaib Hameed (Querist)
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10 April 2024 Confused over the reporting of HSN in Gstr1! Some sites states it is not compulsory for small dealers with annual turnover below 1.5 crore to report HSN in their GSTR1. If it is mandatory, what is the penalty for non filing of HSN in Gstr1 for dealers under 1.5 crore turnover?

Ram Avtar Singh

Ram Avtar Singh (Expert)
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10 April 2024 Effective October 2023, all GST taxpayers with an aggregate turnover of Rs. 5 crores or more are required to use a 6-digit HSN code in their e-invoices and e-way bills. Taxpayers with an aggregate annual turnover of less than Rs. 5 crore must use at least a 4-digit HSN code. On the other hand, an 8-digit HSN code is only applicable for the import and export of goods.

Ram Avtar Singh

Ram Avtar Singh (Expert)
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10 April 2024 please fill HSN detail its mandatory to all

Shuhaib Hameed

Shuhaib Hameed (Querist)
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10 April 2024 Thanks. Can you brief on the penalty if not filed in case of dealers below 1.5 crore?

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