Hsn mandatory for tax free goods

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177 Points Posted on 06 January 2024
a one business have turnover not more than 1.50 CR it's compulsory Han on gstr1 or not ?
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On 06 January 2024 at 00:08 Report
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Quick Summary
This discussion clarifies the mandatory requirement for HSN codes on GSTR1 filings. It confirms that if a business's turnover exceeds £1.5 crore, HSN codes are compulsory, regardless of whether sales are B2B or B2C. The conversation also touches upon the definition of 'tax-free goods' as exempted items, distinct from nil-rated goods.

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Accountant
1227 Points Posted on 06 January 2024
B2b or b2c sale only?
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On 06 January 2024 at 00:50
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"Do the Right Thing...!!!"
128162 Points Posted on 06 January 2024
@ Jeetu Manglani,

TAX FREE GOODS means...??
please elaborate...
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On 06 January 2024 at 10:55
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177 Points Posted on 06 January 2024
Nill rated like cattle feed
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On 06 January 2024 at 11:12
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"Do the Right Thing...!!!"
128162 Points Posted on 06 January 2024
Yes, HSN is mandatory for all goods if Turn over exceeds 1.5cr..
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On 06 January 2024 at 11:26
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177 Points Posted on 06 January 2024
Ok not exceed 1.5 CR than
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On 06 January 2024 at 11:53
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Profession
28271 Points Posted on 06 January 2024
Tax free mean exempted goods. hsn code hv a different objective.
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On 06 January 2024 at 12:20

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