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Hsn code required for Exempted goods

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ommahadev 7

128 Points Posted on 26 June 2021

is hsn code required for Exempted goods

Replies (11)

Quick Summary

There's a debate on whether HSN codes are required for exempted goods under GST. While some argue they aren't necessary as no GST rate applies, others point to regulations like Notification 78/2020 CT, suggesting HSN codes are mandatory based on aggregate turnover, regardless of taxability. It's important to distinguish between exempted goods and non-GST goods like petrol and diesel, which fall under different tax regimes.

CMA Poornima Madhava

CMA

9106 Points Posted on 26 June 2021

No, not required.

Tax Officer

54 Points Posted on 27 June 2021

Yes it is very much required.

CA. Sourav Sarkar

Chartered Accountant

16188 Points Posted on 27 June 2021

For exempted goods HSN code is not required

CS Advocate Abhishek Goyal

M Com FCS LLB M-AIMA

11027 Points Posted on 27 June 2021

HSN code is required only for taxable goods and services and not for exempted and non gst goods such as petrol deisel.

Pankaj Rawat

GST Practitioner

29904 Points Posted on 27 June 2021

In term of Notification 78/2020 CT , the applicability of HSN is NOT accordance to classification of Goods . It applicability is as per Aggregate Turnover of Registered Person.

Hence even if it is Exempted or Nil rated HSN is mandatory.

CA Altamush Zafar

GST Consultant

10402 Points Posted on 27 June 2021

HSN needs to be given for exempted goods also