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6 Digit HSN reporting on invoices w.e.f. 01st April 2021

Find your 6 digit HSN - Click here

CBIC vide Notification No.78/2020 - CT dated 15.10.2020 has replaced the old reporting requirement of HSN on invoices with the below one. The said changes are effective from 01st April 2021.

New reporting requirement w.e.f. 01st April 2021
Aggregate Turnover in the preceding Financial Year Number of HSN / SAC Digits
For B2B Transactions For B2C Transactions
More than Rs. 5 Crores 6 6
Upto Rs. 5 Crores. 4 Not Applicable (Optional)

Therefore taxpayers are advised to be ready with 6 digit HSN / SAC codes for their applicable goods or services and incorporate the same into their billing or accounting software before 01st April 2021.

Find your 6 Digit HSN - Click Here


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Author:

TaxReply


Mar 13, 2021

Comments


dear sir,
Upto Rs. 5 Crores. labour charges only (fabrication work) . Please kindly sent to hrn code my emil id
By: B.senthilvelmurugan
Mar 31, 2021


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