With effect from 1st April, 2021, the Taxpayers whose aggregate Annual Turnover is more than Rs. 5 Crore during the F.Y. 2020-21, shall mention 6 Digits HSN Code on invoices issued towards supply Goods and Services . And, the taxpayers whose aggregate Annual Turnover was up to Rs. 5 Crore during the F.Y. 2020-21, shall mention 4 Digits HSN Code towards supply of Goods and Services for B2B Tax Invoices as well as B2C Tax Invoices.

The first Proviso to Rule 46 of Central Goods and Services Tax Rules, 2017 has been amended vide Notification No.79/2020-CT dated 15-10-2020, for declaration of HSN code in invoice. Accordingly, Notification No.78/2020 – Central Tax, dated 15.10.2020 has been issued under the above proviso prescribing HSN code mandatory up to 4 Digits in the invoices with effect from 01.04.2021 issued by taxpayers whose aggregate turnover in the preceding financial year is upto Rs. 5 crores and w.e.f. 01.04.2021, for the taxpayers whose turnover in the preceding financial year is more than Rs. 5 crores shall mention 6 digits HSN code on the invoices.

Refer:

Notification No. 12/2017-C.T., dated 28-6-2017

Notification No. 78/2020-C.T., dated 15-10-2020





Discus