Taxpayers, Having Aggregate Annual Turnover Above Rs. 5 Crore To Use At Least 6 Digit HSN W.e.f 1 October 2023
The Goods and Service Tax E-way Bill System has notified that new HSN Code requirements will be effective from October 1, 2023.As per Notification No. 78/2020 dated October 15, 2020, the taxpayers, having Aggregate Annual Turnover (AATO) above Rs. 5 Crore, shall use at least 6 digit HSN code in the e-Invoices and e-Waybills and other taxpayers shall use at least 4-digit HSN code in E-Invoices...
The Goods and Service Tax E-way Bill System has notified that new HSN Code requirements will be effective from October 1, 2023.
As per Notification No. 78/2020 dated October 15, 2020, the taxpayers, having Aggregate Annual Turnover (AATO) above Rs. 5 Crore, shall use at least 6 digit HSN code in the e-Invoices and e-Waybills and other taxpayers shall use at least 4-digit HSN code in E-Invoices and E-Way Bills.
Most of the taxpayers are already following this, Other taxpayers are requested to adapt to the change and comply by the due date. This will be made Mandatory from October 01, 2023, in e-Waybill and e-Invoice Systems.
Click Here To Read The Notification