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HSN Code is Mandatory

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B GKAMATAR

TAX CONSULTANT

152 Points Joined July 2015

MY GROSS TURNOVER IS BELOW 1.5CRORES.IAM DECLARED IN GSTR 1 HSN CODE IS COMPULSARY. WHAT IS LIMIT SALES TURN OVER FOR HSN CODE DECLARED IN GSTR 1

Replies (2)

Rama chary Rachakonda

Master in Accounts & high court Advocate

9570 Points Joined December 2011

For taxpayers with a gross turnover below ₹1.5 crores, the requirement to declare HSN codes in GSTR-1 depends on the aggregate turnover. HSN Code Requirement - *Aggregate Turnover*: If your aggregate turnover is up to ₹1.5 crores, you are not required to mention HSN codes in GSTR-1. -

*Optional*: However, you can still declare HSN codes voluntarily if you wish to. Important Note - *Check Notifications*: Ensure you're updated with the latest notifications and circulars regarding GST compliance requirements. Given your situation, it seems you might not be required to declare HSN codes in GSTR-1, but it's always best to verify the latest guidelines [1].

Rama chary Rachakonda

Master in Accounts & high court Advocate

9570 Points Joined December 2011

For taxpayers with a gross turnover below ₹1.5 crores, the requirement to declare HSN codes in GSTR-1 depends on the aggregate turnover. HSN Code Requirement - *Aggregate Turnover*: If your aggregate turnover is up to ₹1.5 crores, you are not required to mention HSN codes in GSTR-1. -

*Optional*: However, you can still declare HSN codes voluntarily if you wish to. Important Note - *Check Notifications*: Ensure you're updated with the latest notifications and circulars regarding GST compliance requirements. Given your situation, it seems you might not be required to declare HSN codes in GSTR-1, but it's always best to verify the latest guidelines [1].

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