My sale Turnover Below 2 crore, B2B May 21 GSTR 1 for get the hsn code wise sale, how it will be correct, if any penalty, kindly explain...
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Quick Summary
This discussion clarifies HSN code requirements for businesses with sales turnover below 2 crore. For B2B invoices, a 4-digit HSN code is mandatory if turnover is below 5 crore. While HSN data cannot be amended in GSTR 1, it can be added in subsequent returns. The conversation also touches upon HSN codes for specific items like non-woven bags.
Aggregate Turnover more then 5 Crore: 6 Digit HSN code shall be mentioned mandatory on Tax Invoice.
Aggregate Turnover less then 5 crore : 4Digit HSN code shall be mentioned for B2B supply in Tax invoice.
Hence from above it's being very clear that Reporting HSN is in Tax Invoice & the particular in tax invoice need to be mentioned as accordingly in GSTR 1.
So in my view the Registered person whose turnover is below 5 crore is not required to provide HSN for B2C supply in Table 13 of GSTR 1