Hsn code required for Exempted goods
ommahadev 7 (136 Points)
26 June 2021
is hsn code required for Exempted goods
11 Replies
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 27 June 2021
For exempted goods HSN code is not required
CS Advocate Abhishek Goyal
(M Com FCS LLB M-AIMA )
(13706 Points)
Replied 27 June 2021
HSN code is required only for taxable goods and services and not for exempted and non gst goods such as petrol deisel.
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 27 June 2021
In term of Notification 78/2020 CT , the applicability of HSN is NOT accordance to classification of Goods . It applicability is as per Aggregate Turnover of Registered Person.
Hence even if it is Exempted or Nil rated HSN is mandatory.
Hence even if it is Exempted or Nil rated HSN is mandatory.
CA Altamush Zafar
(GST Consultant)
(15971 Points)
Replied 27 June 2021
HSN needs to be given for exempted goods also
CMA Poornima Madhava
(CMA)
(13112 Points)
Replied 27 June 2021
Oh! I didn't know!! Thanks for the info.
How do we get to know the HSN code of non-gst goods (say petrol/diesel)? Do we have to refer to customs tariff?
CA Altamush Zafar
(GST Consultant)
(15971 Points)
Replied 27 June 2021
Yes. All HSN needs to be referred from there only
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 27 June 2021
Kindly Refer the Query again " HSN code for Exempted Goods" & petrol /diesel are not cover under GST (Section 9(2) CGST Act) , it's under VAT regime.
So vat invoice is issued for petrol & diesel . Hence HSN is not required therein.
But Querist has query in regard to exempted goods not on Non GST Goods , so the reply was accordingly given.
So vat invoice is issued for petrol & diesel . Hence HSN is not required therein.
But Querist has query in regard to exempted goods not on Non GST Goods , so the reply was accordingly given.
KIRTILAL R SAKHALA
(PROPRIETOR)
(22 Points)
Replied 12 January 2023
For exempted goods HSN code is not required because GST rate is compulsorily required in the said table & for exempted goods no question of GST rate as it is exempted & we Cannot put Zero which is for Export only
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