Is it mandatory for a Taxpayer with only B2C Turnover less than ₹ 5 Crore to enter his HSN/SAC Code in table 12 of the GSTR 1 from 01-04-2021.
Replies (4)
Quick Summary
For taxpayers with an annual turnover below ₹5 Crore, reporting HSN codes on B2C supplies in GSTR 1 is generally not mandatory. While HSN codes are required on tax invoices for B2B supplies (4 digits for turnover under ₹5 Crore), this requirement does not extend to B2C transactions for businesses in this turnover bracket. Therefore, if your business exclusively deals with B2C sales and has a turnover under ₹5 Crore, you likely do not need to include HSN codes in Table 13 of your GSTR 1.
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
Agree with Pankaj Sir's view... Quoting of HSN Code in Tax Invoice in the case of B2C Supply by the taxpayer having aggregate turnover upto Rs. 5 crores is "OPTIONAL." So there is no need to mention HSN Summary in FORM GSTR-1 if you have only B2C Supply.
From the descripttion of Pankaj Rawat sir and Shivam sir I understand that the taxpayers who handles only less ₹ 5 crore outward supply and only B2C invoices does not need to mention the HSN Cide in the GSTR 1.