Sir l just conform how to maintain hsn code for registration and billing
purpose, actually my company deals in 400 product so I am really confused how to maintain and search hsn code please give me advise how do this work in easy way?
13 Replies
rahil sehgal
(yamuna nagar)
(45 Points)
Replied 01 June 2017
all types of industrial good and electrical goods ,cables , machanical ,machinery parts,stationary items , electrostatic discharge items
PRABIR PAUL
(*****Accountant***** Never insult to any person for any kind of lack of knowledge or misread.)
(1443 Points)
Replied 01 June 2017
Mention the amount of Turnover?
PRABIR PAUL
(*****Accountant***** Never insult to any person for any kind of lack of knowledge or misread.)
(1443 Points)
Replied 01 June 2017
Nothing to say then you have to maintain and follow the hsn code to get the rate of gst........
CA NEHA RAMPURIA
(Taxation Consultant)
(1823 Points)
Replied 01 June 2017
Mentioning the hsn code depends upon the turnover of the business. If the turnover is less than 1.5crore then mentioning hsn code is not mandatory. However in case of export 8digit hsn code is required
rahil sehgal
(yamuna nagar)
(45 Points)
Replied 02 June 2017
our turnover is above 1.5 crores and we are not exporter as well. what to do in this case. hsn code is compulsory
CA NEHA RAMPURIA
(Taxation Consultant)
(1823 Points)
Replied 02 June 2017
what is your aggregate turnover
CA NEHA RAMPURIA
(Taxation Consultant)
(1823 Points)
Replied 02 June 2017
If your aggregate turnover is up-to rs 5 crore in preceeding financial year : hsn codes may b specified only at 2 levels as an optional exercise to start with. This would be mandatory from second year of gst implementation . However SAC I. E service accounting code for services is mandatory
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