Notification no 78/2020 - HSN Code Mandatory from 1st April 2021
| Notification No | 78/2020 - Central Tax |
| Issued On | 15.10.2020 |
| Applicable from | 1.04.2020 |
| Gist | HSN Code mandatory in B2B invoices |
| Description | The notification has been issued to make the Harmonised System of Nomenclature Code (HSN) mandatory up to 4 digits for B2B invoices for taxpayers whose aggregate turnover is up to Rs. 5 crores in the preceding financial year.
For taxpayers whose aggregate turnover exceeds Rs. 5 crores an HSN code of 6 digits is mandatory for B2B and B2C supplies |
| Exception | In case of supplies made to unregistered persons, the above rules will not be applicable and HSN code need not be mentioned in the tax invoice |
