Quick Summary
There is a new GST E-Way Bill update regarding the HSN code requirements. Effective October 1, 2023, taxpayers with an aggregate annual turnover (AATO) of Rs. 5 crore or more will be required to use at least a 6-digit HSN code in their e-invoices and e-way bills. Taxpayers with an AATO of less than Rs. 5 crore will still be required to use at least a 4-digit HSN code. The official announcement is as follows As per Notification No. 78/2020 dated October 15, 2020, the taxpayers, havi
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FAQ :
From October 1, 2023, taxpayers with an aggregate annual turnover of £5 crore or more must use at least a 6-digit HSN code on their e-invoices and e-way bills.
Taxpayers with an aggregate annual turnover of £5 crore or more are required to use the 6-digit HSN code.
Businesses with an aggregate annual turnover of less than £5 crore are still required to use at least a 4-digit HSN code.
The mandatory use of 6-digit HSN codes for eligible taxpayers begins on October 1, 2023.
The 6-digit HSN code will be mandatory for use in e-invoices and e-way bills.
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