Ad-Free CAclubindia and Daily Updates on your mobile. Subscribe Now!

HSN code mandatory or Not ?

09 February 2021

Hi, can any one tell that in GSTR-1
HSN code is mandatory to mention or not. Even my Turnover is below than 1.5 crore, in the preceding year as well as in current year.

Please refer proper notification or circular in your reply.

Reply
Follow
Share

7 Replies

caankitshah1 (article) (35 Points)
Replied 09 February 2021

Mandatory for all supplier from 1st April 2021

Upgrade to CAclubindia Pro. Subscribe Now!

Account Bird (157 Points)
Replied 09 February 2021

Please suggest any circular or notification in your reply

Bhaumik pandya (224 Points)
Replied 10 February 2021

The 1st Proviso to Rule 46 of CGST Rules 2017 has been amended, vide Notification No.79/2020-CT dated 15-10-2020, for declaration of HSN code in invoice. Under this amended Proviso, Notification No. 78/2020 – Central Tax, dated 15.10.2020 has been issued to make HSN code mandatory up to 4 digits in the B2B invoices with effect from 01.04.2021 issued by taxpayers whose aggregate turnover in the preceding financial year is upto Rs. 5 crores. For the taxpayers whose turnover in the preceding financial year is more than Rs. 5 crores, HSN code is mandatory up to 6 digits in invoices with effect from 01.04.2021.

1 Like

Account Bird (157 Points)
Replied 10 February 2021

Thank you Bhaumik for a best clarification.

Bhaumik pandya (224 Points)
Replied 10 February 2021

Welcome sir...

1 Like

Upgrade to CAclubindia Pro. Subscribe Now!

CA Subba Reddy Bonam (Practising chartered accountant) (496 Points)
Replied 10 February 2021

Dear Sir,

In addition to the above (well explained by Mr. Pandya), there is an other Notification Noti. No. 90/2020 CT - Dated 01st Dec- 2020 which mandates 8 digits HSN for 49 chemical products specified.