Tag Archives: Business

HSN Code Mandatory for B2C sales in GST: Turnover Threshold Explained

By | January 10, 2025

HSN Code Mandatory for B2C sales in GST: Turnover Threshold Explained whether HSN MANDATORY FOR B2C TURNOVER BELOW 5Cr? HSN codes are not mandatory for B2C (Business-to-Consumer) supplies for businesses with an annual turnover below Rs. 5 crores. Here’s a summary of HSN code requirements: Turnover above Rs. 5 crores: Mandatory: Must use 6-digit HSN… Read More »

Business defined but profession not defined under Model GST Law

By | August 7, 2016

Model GST Law Business is defined in  Section 2(17) of Model GST Law but there is no definition of Profession :- (17) “business” includes – (a) any trade, commerce, manufacture, profession, vocation or any other similar activity, whether or not it is for a pecuniary benefit; (b) any transaction in connection with or incidental or ancillary to (a)… Read More »