With effect from the 1st April, 2021, it has been made mandatory for a GST
taxpayer, having turnover of more than five crore rupees in the preceding
financial year, to furnish 6 digits HSN Code (Harmonised System of
Nomenclature Code), or as the case may be, SAC (Service Accounting Code) on
the invoices issued for supplies of taxable goods and services. A taxpayer
having turnover of upto five crore in the preceding financial year is required to
mandatorily furnish 4 digits HSN code on B2B invoices. Earlier, the
requirement was 4 digits and 2 digits respectively. For more details, notification
No. 78/2020-Central Tax, dated 15.10.2020 may be referred to
www.cbic.gov.in/resources//ht...
www.mediafire.com/file/ho6bjh...
This Video Explain :
HSN & SAC History and Structure
Find GST & HSN code in a minute
GST HSN code Finder, HSN code for GST invoice, From 1 April 2021 HSN code mandatory on GST invoice
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This video is mere a general guide meant for learning purposes only. All the instructions, references, content or documents are for educational purposes only and do not constitute a legal advice. We do not accept any liabilities whatsoever for any losses caused directly or indirectly by the use/reliance of any information contained in this video or for any conclusion of the information. Prior to acting upon this video, you're suggested to seek the advice of your financial, legal, tax or professional advisors as to the risks involved may be obtained and necessary due diligence, etc may be done at your end.
18 май 2022
