HSN CODE MANDATORY FOR DEPARTMENT STORE?

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23 Points Posted on 03 June 2023
Is there HSN code is mandatory for department store for the turnover of above 5 Cr for B2C sales?

Facing difficult in updating more than 600 HSN Code in GSTR1. Pls suggest....
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On 03 June 2023 at 23:45 Report
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This discussion clarifies whether HSN codes are mandatory for department stores with an annual turnover exceeding £5 Crore, specifically for B2C sales. The consensus is yes, it is mandatory, referencing notification 78/2020. Participants also discuss the challenge of updating over 600 HSN codes in GSTR1 and confirm that the notification must be followed.

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GST Practitioner & Accounts
15144 Points Posted on 04 June 2023
Yes, It's mandatory for turnover above 5 Crore, as per notification 78/2020 (C.T) 15/10/2020 , please refer.
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On 04 June 2023 at 06:22
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GST Practitioner
55067 Points Posted on 04 June 2023
Yes it is mandatory.
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On 04 June 2023 at 15:00
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23 Points Posted on 04 June 2023
Is there any possible to update GST rate wise only 5 HSN code can be done in GSTR1?
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On 04 June 2023 at 17:35
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GST Practitioner & Accounts
15144 Points Posted on 04 June 2023
You have to follow above mentioned notification only.
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On 04 June 2023 at 20:23

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