eg: rice hsn code is 10063090
basmati rice hsn code is 10063020
but in gstr-1 hsn product summary is accepted only four digits
my confusion is
which digits we will choose
rice-1006
basmati-1006
or
rice-3090
basmati-3020
what we do?
Menu
HSN CODE CONFUSION
Replies (6)
if your turnover less than 1.5 cr last f.y so it is not necessary but if your turnover more than 1.5 and less than 5 cr so 2 digit can be shown if turnover more than 5 cr so 4 digit can be shown.
first 4 digit necessary other are just specified clarity in product
first 4 digit necessary other are just specified clarity in product
Use the last four digits, i.e. 3090 and 3020, as the taxpayers having an anual turnover of over 5 crores are required to mention 4 digit HSN codes in their returns.
Search and Find HSN Codes, SAC codes & GST Rates of goods and services
| Originally posted by : ishika | ||
 |
Use the last four digits, i.e. 3090 and 3020, as the taxpayers having an anual turnover of over 5 crores are required to mention 4 digit HSN codes in their returns. Search and Find HSN Codes, SAC codes & GST Rates of goods and services |
 |
wrong @ ishika ji you can not define by last 4 digit in which chapter take for GSt rate
you always mention first 4 digit of HSN if your last FY turnover exceed Rs. 5 cr.
Yes, you are right about that. I must have confused this with something else. Dealers with turnover above 5 crores are required to use the first 4 digit of the HSN codes for their respective goods.
Recent Topic
- Is CA through direct entry easy for a commerce stu
- Dividend and withholding tax - DTAA- RSU
- NRI Query: Capital Gains Tax Exemption under Secti
- Royalty payment to UK
- Calculate ITR2 tax with equity and non equity prof
- LTCG on residential property sale - Rebate?
- TDS MISMATCH AND AIS
- Return filing for intervening period upto date of
- EPF Withdrawal taxation
- While e filing otp not generating
Related Topics
CAclubindia
