Is HSN code is mandatory while fiiing GSTR1, my business is only B2C.
Replies (5)
Quick Summary
This discussion clarifies the mandatory use of HSN codes when filing GSTR1, particularly for B2C businesses. It's confirmed that HSN codes are compulsory for B2B transactions. For B2C, the requirement depends on turnover; it's not mandatory if your turnover is below ₹1.5 crore, and according to Notification 78/2020, this exemption extends to turnovers below ₹5 crore.