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HSN CODE CONFUSION

04 September 2017

eg: rice hsn code is 10063090
basmati rice hsn code is 10063020

but in gstr-1 hsn product summary is accepted only four digits

my confusion is

which digits we will choose
rice-1006
basmati-1006
or

rice-3090
basmati-3020
what we do?

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6 Replies

NARENDER (Account Executive) (65 Points)
Replied 04 September 2017

if your turnover less than 1.5 cr last f.y so it is not necessary but if your turnover more than 1.5 and less than 5 cr so 2 digit can be shown if turnover more than 5 cr so 4 digit can be shown.

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NARENDER (Account Executive) (65 Points)
Replied 04 September 2017

first 4 digit necessary other are just specified clarity in product

NARENDER (Account Executive) (65 Points)
Replied 04 September 2017

first 4 digit necessary other are just specified clarity in product

ishika (CA) (287 Points)
Replied 05 September 2017

Use the last four digits, i.e. 3090 and 3020, as the taxpayers having an anual turnover of over 5 crores are required to mention 4 digit HSN codes in their returns.

Search and Find HSN Codes, SAC codes & GST Rates of goods and services

Kaushik Deepak (KD) (Officer Accountant) (1136 Points)
Replied 05 September 2017

Originally posted by : ishika
	Use the last four digits, i.e. 3090 and 3020, as the taxpayers having an anual turnover of over 5 crores are required to mention 4 digit HSN codes in their returns. Search and Find HSN Codes, SAC codes & GST Rates of goods and services

wrong @ ishika ji you can not define by last 4 digit in which chapter take for GSt rate

you always mention first 4 digit of HSN if your last FY turnover exceed Rs. 5 cr.

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ishika (CA) (287 Points)
Replied 06 September 2017

Yes, you are right about that. I must have confused this with something else. Dealers with turnover above 5 crores are required to use the first 4 digit of the HSN codes for their respective goods.