GSTN issued Advisory on HSN Code Reporting in e-Invoice on IRPs Portal

 ​    GSTN Update dated 23rd March, … Continue reading “GSTN issued Advisory on HSN Code Reporting in e-Invoice on IRPs Portal”
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GSTN Update dated 23rd March, 2023

As per Notification No. 78/2020 –Central Tax dated 15th October 2020, it is now mandatory for taxpayers to report a minimum of six-digit valid HSN code for their outward supplies having Aggregate Annual Turnover of more than 5 crores in any previous financial year. However, the Government is in the process of implementing the same at IRPs portal and the exact date of implementation would be communicated shortly.

Therefore, GSTN has issued advisory for taxpayers that in case wherever valid six digit HSN code is not available at IRPs portal, a corresponding valid eight digit HSN code be reported instead of artificially creating six digit HSN code.

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