Responsibility of the supplier to mention the respective HSN/SAC code
This query is : Resolved
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13 May 2023
Dear Experts,
Some times, a company can not get the invoice with HSN/SAC code.
Is it duly responsibility of the supplier to mention the respective HSN/SAC code at the time of preparing the invoice.
or
Is there any consequential effect will be there to the goods/service receipent.
Pl clarify
Some times, a company can not get the invoice with HSN/SAC code.
Is it duly responsibility of the supplier to mention the respective HSN/SAC code at the time of preparing the invoice.
or
Is there any consequential effect will be there to the goods/service receipent.
Pl clarify
CA R SEETHARAMAN
(Expert)
13 May 2023
Yes, it is mandatory for goods supplier/service providers to furnish the HSN/SAC code if their annual aggregate turnover exceeds Rs. 5 crore. For businesses earning below Rs. 5 crore, a 4-digit HSN /SAC code must be furnished for B2B transactions.
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CA Altamush Zafar
(Expert)
14 May 2023
It is the responsibility of the supplier to mention the HSN/SAC code. The recipient will not be held liable.
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