Responsibility of the supplier to mention the respective HSN/SAC code

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Marimuthu (Querist)
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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

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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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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