Why it is Mandatory to Mention 6 Digit HSN Codes?

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Why it is Mandatory to Mention 6 Digit HSN Codes?

Why it is Mandatory to Mention 6 Digit HSN Codes? Announcements By - Deepak Raj M C

Attention Taxpayers

 

 

As per the Notification No.78/2020 – Central Tax dated 15th October, 2020, it is mandatory for the taxpayers to mention 6-digit HSN Codes for their outward supplies having AATO more than Rs 5 Crores.

After a few weeks of time, e-Invoice System will not accept 4-digit HSN codes. The date for blocking e-Invoice generation having HSN code as 4-digits will be intimated shortly in this portal.

So, please make necessary changes in your system to report 6-digit HSN codes to e-Invoice Portal and comply by the notification.

You may verify all your HSN codes in the ( https://einvoice1.gst.gov.in ) portal under Search–>Master–>HSN Codes and also test in the sandbox system (https://einv-apisandbox.nic.in )

In case the 6-digit HSN code is not available, you may raise a ticket at Helpdesk so that it can be included in the system.

Deepak Raj M C

Audit Manager at Sharma & Pagaria

Blog Disclaimer: “All information contained herewith is provided for reference purpose only. Sharma & Pagaria, Chartered Accountants (S&P CA) ensures accuracy and reliability of the information to the best of its endeavours. While the information contained within this Blog is updated, no guarantee is given that the information provided in this Blog is correct, complete, and up to date. S&P CA makes no warranty or representation as to the accuracy, completeness, or reliability of any of the information contained herein and disclaim any and all liability whatsoever to any person for any damage or loss of any nature arising from or as a result of reliance on any of the information provided herein. The information contained in this Blog is not intended to provide any professional advice.

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