Central Government has prescribed those businesses who have to compulsorily mention HSN Code
It is dependent upon turnover of person in last year
Is Mentioning HSN Code Compulsory on Tax Invoice?
View AnswerIt Depends upon Turnover of Tax Payer as per Notification 12/2017
TURNOVER OF TAX PAYER IN LAST YEAR |
REQUIREMENT OF HSN CODE |
UPTO 150 LAKHS(1.5 CRORE) |
NOT REQUIRED |
1.5-5 CRORES |
FIRST 2 DIGITS |
MORE THAN 5 CRORES |
FIRST 4 DIGITS |
What is HSN Code of Item?
View AnswerFull form of HSN Code is
- Harmonized System Nomenclature
- In easy language, it means Serial number of Goods
- In GST, Each good has a unique Serial Number OF 8 Digits
You can search HSN Code for your goods here