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

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