HSN CODE CONFUSION

Rate / HSN codes 651 views 6 replies

Sathish Ashok

117 Points Joined August 2017

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?

Replies (6)

NARENDER

Account Executive

65 Points Joined October 2016

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.

NARENDER

Account Executive

65 Points Joined October 2016

first 4 digit necessary other are just specified clarity in product

NARENDER

Account Executive

65 Points Joined October 2016

first 4 digit necessary other are just specified clarity in product

ishika

287 Points Joined August 2017

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

Kaushik Deepak (KD)

Deputy Finance Manager

1136 Points Joined May 2013

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.

ishika

287 Points Joined August 2017

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.