Those with turnover of up to ₹5 crore in the preceding financial year would be required to mandatorily furnish four-digit HSN code on B2B invoices.

Phase I of reporting HSN codes in Table 12 of GSTR-1/1A was implemented in 2020, while the second phase came into effect in 2022. The third phase is now being implemented, with the date for the ...

NEW DELHI: Businesses with turnover of more than Rs 5 crore will have to furnish six-digit HSN or tariff code on the invoices issued for supplies of taxable goods and services from April 1, the ...