6 Digit HSN Code

What are the consequences if a client does not maintain 6 Digit HSN Code from 01/04/2021??
Replies (3)
Quick Summary
Failure to maintain the correct 6-digit HSN code from April 1st, 2021, could lead to significant penalties. Specifically, businesses might face a penalty of Rs 50,000 under the general penalty clause (Section 125) of the GST Act. It's crucial to ensure compliance to avoid these financial repercussions.

M. s. scrap

Likely to incur penalty of Rs 50000/- as per general penalty clause u/s 125.

You can search HSN on below link

Goods & Services Tax (GST) | Services

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 26 August 2026
Article Assistant

ANIVESH CONSULTANTS LLP

Gurgaon

CA Inter

View Details
Company
29 August 2026
Chartered Accountant

Velionit Consulting PVT LTd

Mumbai

CA

View Details
Company
Featured 12 September 2026
Assistant Manager - Finance & Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
21 August 2026
Accountant

A G International

Kolkata

B.Com

View Details
Company
ARTICLESHIP 01 September 2026
Article Assistant

SGNG & Associates

New Delhi

CA Inter

View Details
Company
Featured 19 August 2026
Chartered Accountant

apricus india

Pune

CA

View Details
Company
ARTICLESHIP 26 August 2026
CA Article Assistant/CA Drop Out/Accounts Executive

PARV & Co.

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 04 September 2026
Accounts Executive

Hema Yashwanth & Associates

Chennai

B.Com

View Details