HSN CODE GSTR 9

Rate / HSN codes 506 views 5 replies

A tax payer has been reporting HSN codes less than 6 digits during the FY in his monthly returns.

 

Now while filing the annual return, we have to mention all the 6 digits and file the return right?

 

 

 

 

 

Replies (5)
Hi Gowtham,

Notification No. 78/2020 – Central Tax, dated 15 October 2020) issued by Central Board of Indirect Taxes and Customs to make HSN code mandatory up to 6-digit. As per the said notification, registered taxpayers with aggregate turnover in the preceding financial year exceeding INR 5 crores would be required to issue invoices basis 6-digit HSN code.

So, if your Turnover is less than 5 crores then you can reoort 4 digit HSN code.

Thanks
Bhavana K L
Chartered Accountant
bhavana @ lbkca.in
L B K & Associates

Thank you so much Mam. 

Originally posted by : kl Bhavana
Hi Gowtham,Notification No. 78/2020 – Central Tax, dated 15 October 2020) issued by Central Board of Indirect Taxes and Customs to make HSN code mandatory up to 6-digit. As per the said notification, registered taxpayers with aggregate turnover in the preceding financial year exceeding INR 5 crores would be required to issue invoices basis 6-digit HSN code.So, if your Turnover is less than 5 crores then you can reoort 4 digit HSN code.ThanksBhavana K LChartered Accountantbhavana @ lbkca.inL B K & Associates

 

You are welcome

Puja samagri HSN CODE, AND puja kit HSN code 

All puja items are exempted tax product

 


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