Hsn for petrolium
R.vadivel (Accountant) (143 Points)
17 July 2021is mandatory Hsn for petrol and diesel
Rama chary Rachakonda
(Master in Accounts & high court Advocate email ID:ramachary64@gmail.com voice no:9989324294)
(7640 Points)
Replied 17 July 2021
Petrol & diesel not covered under GST. so HSN is not required.The purpose of HSN codes is to make GST systematic and globally accepted. HSN codes will remove the need to upload the detailed descripttion of the goods. This will save time and make filing easier since GST returns are automated.
Pankaj Rawat
(GST Practitioner)
(55057 Points)
Replied 18 July 2021
CA. Sourav Sarkar
(Chartered Accountant )
(24588 Points)
Replied 18 July 2021