My competitors are using hsn code 5607 for plastic sutli and taxing product @ 12%.
But in reality hsn code is 3926 and it is to be taxed @ 18%.
On their bills they are writing product name "R P TWINE" but actually selling plastic sutli , which is manufactured by processing plastic granule (hsn code 3902 , 3901).
What can I do ?
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dispute over hsn code
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Facing a similar issue, but with my supplier who is manufacturer.
They are invoicing a product @ 0% in HSN 08011990.
Some Indian manufacturers are invoicing similar product @ 12% in HSN 2098990 and many Importers are invoicing @ 12% in HSN 20089999 and 20081990.
I am being told, I must invoice in same HSN as my supplier or my return will have mismatch.
I now face the risk of tax default, interest and penalty.
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