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 »
What is relaxation is giving HSN code or accounting code of service under GST HSN code is 8 digit code. Service Accounting Code is 6 digit code. However, in invoice, relaxation can be given by CBI&C in indicating the number of digits of HSN code for goods or the Accounting Code for services for class of registered persons – – first proviso to Rule 46 of CGST and SGST Rules, 2017. The relaxation… Read More »
Harmonized System of Nomenclature in India HSN Code GST (Chapter 1 – 5 ) – Section I-Live Animals; Animal Products Chapter 1: Live Animals Chapter 2: Meat and Edible Meat Offal Chapter 3: Fish and Crustaceans, Molluscs and other Aquatic Invertebrates Chapter 4: Birds” Eggs; Natural Honey; Edible Products of Animal Origin, not elsewhere… Read More »