{"id":89,"date":"2021-04-02T14:30:12","date_gmt":"2021-04-02T14:30:12","guid":{"rendered":"https:\/\/www.goyalk.com\/blog\/?p=89"},"modified":"2021-04-02T14:30:13","modified_gmt":"2021-04-02T14:30:13","slug":"taxpayers-have-mandatorily-declare-hsn-sac-codes-in-gst-tax-invoices-from-1st-april-2021","status":"publish","type":"post","link":"https:\/\/www.goyalk.com\/blog\/2021\/04\/02\/taxpayers-have-mandatorily-declare-hsn-sac-codes-in-gst-tax-invoices-from-1st-april-2021\/","title":{"rendered":"Taxpayers Have Mandatorily Declare HSN\/SAC Codes In GST Tax Invoices From 1st April, 2021"},"content":{"rendered":"\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Sl No<\/strong><\/td><td><strong>Aggregate Turnover in the preceding Financial Year<\/strong><\/td><td><strong>Number of Digits of HSN\/SAc Code<\/strong><\/td><\/tr><tr><td>1.<\/td><td>Upto INR 5 crores<\/td><td>4<\/td><\/tr><tr><td>2.<\/td><td>More than INR 5 crores<\/td><td>6<\/td><\/tr><tr><td>3.<\/td><td>Supply of Chemicals<\/td><td>8<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>Penalty :-<\/p>\n\n\n\n<p>It is very important to mention the correct HSN\/ SAC Code on the tax invoices and Form GSTR-1 otherwise<strong>&nbsp;penalty of INR 50,000\/- (INR 25,000\/- each for CGST and SGST) can be levied for non-mentioning or mentioning wrong HSN\/ SAC Code<\/strong>&nbsp;under Section 125 of the&nbsp;<a rel=\"noreferrer noopener\" href=\"https:\/\/taxguru.in\/goods-and-service-tax\/president-assents-central-goods-services-tax-act-2017.html\" target=\"_blank\"><strong>Central Goods and Services Tax Act, 2017<\/strong>&nbsp;<\/a>(i.e., General penalty). <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sl No Aggregate Turnover in the preceding Financial Year Number of Digits of HSN\/SAc Code 1. Upto INR 5 crores 4 2. More than INR 5 crores 6 3. Supply of Chemicals 8 Penalty :- It is very important to&hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"post_series":[],"class_list":["post-89","post","type-post","status-publish","format-standard","hentry","category-uncategorized","entry","no-media"],"_links":{"self":[{"href":"https:\/\/www.goyalk.com\/blog\/wp-json\/wp\/v2\/posts\/89","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.goyalk.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.goyalk.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.goyalk.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.goyalk.com\/blog\/wp-json\/wp\/v2\/comments?post=89"}],"version-history":[{"count":2,"href":"https:\/\/www.goyalk.com\/blog\/wp-json\/wp\/v2\/posts\/89\/revisions"}],"predecessor-version":[{"id":92,"href":"https:\/\/www.goyalk.com\/blog\/wp-json\/wp\/v2\/posts\/89\/revisions\/92"}],"wp:attachment":[{"href":"https:\/\/www.goyalk.com\/blog\/wp-json\/wp\/v2\/media?parent=89"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.goyalk.com\/blog\/wp-json\/wp\/v2\/categories?post=89"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.goyalk.com\/blog\/wp-json\/wp\/v2\/tags?post=89"},{"taxonomy":"post_series","embeddable":true,"href":"https:\/\/www.goyalk.com\/blog\/wp-json\/wp\/v2\/post_series?post=89"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}