Hsn code rule calrification

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20 Points Posted on 19 April 2021

i am a retailer with turnover less than 1.5 cr with all sales in b2 c category

pls guide the latest update that 

does hsn code is compulsory for b2c sales by a retailer whose turnover is less tha 1.5 cr in fy 2020-2021

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On 19 April 2021 at 21:06 Report
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This discussion clarifies the latest rules regarding HSN codes for retailers with a turnover below £1.5 Cr. For B2C sales, HSN codes are generally not mandatory, although providing a minimum of two digits is an option. This applies even if the majority of transactions are B2B. The latest notifications indicate that quoting HSN codes in B2C sales is now optional for retailers meeting these criteria.

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20 Points Posted on 19 April 2021
It is not mandatory to have hsn code for B to C but you can provide minimum 2 digital code .
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On 19 April 2021 at 22:38
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Chartered Accountant
20 Points Posted on 19 April 2021
In this case HSN CODE is not mandatory as turnover is less than 1.5 crores
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On 19 April 2021 at 23:02
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20 Points Posted on 19 April 2021
In your case you no need to mention HSN code
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On 19 April 2021 at 23:20
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Finance professional
20 Points Posted on 21 April 2021
As per latest notification quoting HSN in b2c sale is optional.
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On 21 April 2021 at 20:15
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MD
20 Points Posted on 06 May 2021
Sir sales of last year was less than 1 cr ,
major transactions we make are b2b
so is it mandatory for us to mention HSN in gstr1
i have already filed gstr1 for april month
plz guide
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On 06 May 2021 at 20:09

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