Responsibility of the supplier to mention the respective HSN/SAC code
This query is : Resolved
Quick Summary
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.
Message likes :
1 times
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.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Reward for festival
- Clarification on GST, TDS, and Accounting Provisions for Import/Export
- Clarification on GST, TDS, and Accounting Provisions for Import/Export Commission Agents,profes. ser
- RCM and same line
- Rectification under processing even after 6 months cpc portal
- 18% Rent a cab
- Import of Capital Machine
- Appointment of Auditor By Form ADT-1
- Capital gain on commercial property and investment in residential property
- Accounting Treatment of Civil work to install PORTA Cabin for office use
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
