I am accountant at big sari and other types handloom cloth store trader...We deals various type of product which has diffrent diffrent HSN code even sari also has 4 type HSN code...so it is hard to maintain record that which HSN code sari we sold ....anyone please tell me is it compoulsary to give HSN code with item at the time of purchase and sale.....
Plz also tell me is any mehanism on GSt portal that ny HSN code wise purchase will tally to my sell or not.....for exp if i sold HSN code 5407 more than purchase of HSN 5407 because i cant identify at the time of selling...what will the subsequents of this policy
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HSN code mandatory or not
Replies (8)
What is ur turnover... Upto 1.5 crore no mandatory... Upto 15 crore... 4 digit hsn code
we are newly register in GST not conraining any type registration before but our cash non cash sale per day is near about 1.5 lacks per day
Firstly u should take gst no... Register urself.. Then maintain proper books of accounts on any software like tally
This year not compulsory... But from next year it is compulsory... Better maintain proper books of accounts
This year not mandatory.. From next year it is mandatory... Just fill stock summary details
If you reached the Turn Over limit above 1.5cr then you ll be maintain HSN details in GSTR 1.
Is HSN code neccesary to maintain at the time of purchase in our own software system ??????
Yes mandatory... Hsn summary details also in gstr2... But above 1.5 crore turnover
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