Compliance of HSN code

chandan Tiwari (Student CA IPC / IPCC) (214 Points)

26 January 2022

Is HSN code is mandatory while fiiing GSTR1, my business is only B2C.

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5 Replies

prasad Nilugal ( GST Practitioner & Accounts ) (14807 Points)
Replied 26 January 2022

What is your turnover in the previous Financial year ?.

vaibhav shendure (24 Points)
Replied 26 January 2022

Same doubt here....our turnover is less than 5 Crores

CA Rashmi Gandhi (Chartered Accountant) (86323 Points)
Replied 26 January 2022

HSN for B2B is compulsory.
For B2C, not required if turnover below 1.5 crore.

prasad Nilugal ( GST Practitioner & Accounts ) (14807 Points)
Replied 27 January 2022

For B2C , not required if turnover is less than 5 Crore , Notification 78/2020 (C.T) dated 15/10/2020.

Nidhi (Chief Accountant) (3150 Points)
Replied 28 January 2022

HSN for B2B is compulsory.
For B2C, not required if turnover below 1.5 crore.

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