Penalty for HSN Summary

Quick Summary
This discussion clarifies the penalties associated with not reporting HSN Summaries in GSTR-1, particularly from April 2021. For businesses with turnover up to ₹5 crore, 4-digit HSN codes are mandatory for B2B invoices. For turnovers exceeding ₹5 crore, 6-digit codes are required. Penalties can range from ₹25,000 to ₹50,000 per contravention (CGST and SGST), though waivers may be possible. While the department hasn't actively enforced penalties for past omissions of SAC codes, it's advised to file correctly going forward.

Don't do it 

Not recommended

Ok sir...Is there any problem for not filing till now?

As of now department is not taking any action.

Ok .thank you sir

 

 

 

Subject — This question Pertains to Club Usage Charges (Swimming Pool + Gym) in an apartment

 

 

In case of wrong Mentionig of SAC code if the servuice providers falls with 5 Crore - 50 CRore slab(Above 5 Crore Slabs).

In 4 Invoices in 4 years, on one Invocie correctv SAC code was mentioned and in three wrong that means seller is aware of correct SAC code?

 

what GST should be charged on these SAC 
995419 and 999723

 

 

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