Tag Archives: GST Compliance

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 »

GSTR 4 LATE FEES FOR NOT FILING FY 2023- 24 GSTR4 RETURN I COMPOSITION TRADERS

By | May 1, 2024

GSTR 4 LATE FEES FOR NOT FILING FY 2023- 24 GSTR4 RETURN I COMPOSITION TRADERS The late fees for not filing GSTR-4 for FY 2023-24 are as follows: A maximum of Rs. 2,000 if your business is not eligible for the nil return filing benefit. This penalty is a combined maximum for CGST and SGST… Read More »