|Notification No||78/2020 - Central Tax|
|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|
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