GST Advisory for taxpayers who are not following minimum HSN reporting requirement as per Notification No.78/2020.

As per the Notification No. 78/2020 dated 15th Oct 2020, tax payers having Aggregate Annual Turnover (AATO) above Rs 5 Crore, shall use valid 6 or 8 digit HSN code in e-Invoices and e-Waybills and other tax payers shall use atleast 4 digit HSN code in E-Invoices and E-Way Bills.

Most of the taxpayers are already following this. Other taxpayers are requested to adapt to the change and comply by the due date.

This will be made Mandatory from 1st October 2023 in e-Waybill and e-Invoice Systems.

Previous GST Advisory:

1. We would like to bring to your attention Notification no. 78/2020 – Central Tax dated 15th October 2020. As per the above-said notification, it is now mandatory for taxpayers to report a minimum of 6 digit valid HSN code for their outward supplies having AATO of more than 5 crores in any previous financial year.

2. We would like to inform you that this requirement has already been implemented in the GST system, and we are now in the process of implementing the same at IRPs portal in collaboration with our IRP partners including NIC. It is further suggested that in case wherever valid six digit HSN code is not available, a corresponding valid eight digit HSN code be reported instead of artificially creating six digit HSN code.

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E-invoice

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E-way Bill

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HSN Digits

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