6 Digit HSN Code

What are the consequences if a client does not maintain 6 Digit HSN Code from 01/04/2021??
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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

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