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HSN code for B to C

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RAKESH KUMAR

89 Points Posted on 15 June 2021

Respected sir please tell me whether HSN code is compulsory for b to c below turnover 5 crores

Replies (3)

Quick Summary

For Business-to-Consumer (B2C) transactions with a turnover below ₹5 crore, reporting HSN codes is not mandatory. However, it is recommended to create a consistent system for entering HSN codes on both invoices and returns. This practice ensures that your HSN summary accurately reflects your total outward supplies.

CA. Sourav Sarkar

Chartered Accountant

24588 Points Posted on 15 June 2021

Not mandatory

CA Altamush Zafar

GST Consultant

15986 Points Posted on 15 June 2021

It will be better if you create one common system of filling HSN both in invoices and returns. That way HSN summary will match with your outward supplies in totality