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Compulsory mention of 4 digit HSN code on invoices upto turnover 5 crore
1. Existing Provisions for disclosure of HSN code on Tax invoices till 31st March 2021 :
2. Change in disclosure of HSN code on tax invoices from 01st April 2021
3. How to disclose 6 Digit HSN code, where 6 digits HSN Codes are not available on GST Portal • In this matter, CBIC clarified that List of HSN Codes is already given and 6 digit HSN Code shall be valid only if it is given in such list with a valid description. • Further, there are certain HSN Codes which are given with 4 digits or 8 Digits only and such HSN codes are not given at 6 digit level with a valid description. However, some taxpayers are trying to mention 6 digit HSN Code from an 8 digit List which is actually not available in List at 6 Digit Level with any valid corresponding description. • Such HSN Code shall be Invalid and the system will not allow the same.