HSN CODES MANDATORY FOR ALL TAXPAYERS FROM 1.10.2023
The Goods and Services
Tax Act 2017 came into force with effect from 1.7.2017 in
The GST E-way bill system has issued an Update dated September 05, 2023 stating
that, As per the Notification No.
78/2020 dated October 15, 2020, the taxpayers, having
Aggregate Annual Turn Over (“AATO”)
above Rs 5 Crore, shall use atleast 6 digit HSN code in the e-Invoices and e-Waybills and
other taxpayers shall use atleast 4 digit HSN code in E-Invoices and E-Way
Bills.
Most of the tax payers are already follwing
this, Other tax payers 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.