Requirement of HSN Code for Goods and Services on Tax Invoices is mandatory w.e.f April 01, 2021

 

Attention GST Taxpayers!

Requirement of HSN Code for Goods and Services on Tax Invoices is mandatory w.e.f. April 01, 2021.

H S N

C O D E S

Is mandatory for Goods & Services on Tax Invoices

W.e.f. 1st April, 2021

Aggregate turnover up to Rs. 5 Crore in the preceding financial year:

HSN code of 4 digits is mandatory for all B2B tax invoices and optional for B2C tax invoices on the supplies of Goods & Services.

Aggregate turnover More than Rs. 5 Crore in the preceding financial year:

HSN code of 6 digits is mandatory for all tax invoices (B2B & B2C) on the supplies of Goods & Services.

As per the latest tweet of

CBIC

@cbic_india

Attention GST Taxpayers!

Requirement of HSN Code for Goods and Services on Tax Invoices is mandatory w.e.f April 01, 2021. pic.twitter.com/gD9TB6tGP3

— CBIC (@cbic_india) March 17, 2021