Mandatory GST HSN Codes on Invoices w. e. f. 1 Apr 2021A major change in GST for which the businesses have to gear up starting 1 April 2021 is mentioning of HSN codes on all the tax invoices. The change is an extension of the amendment made in Notification 12/2017-Central Tax through Notification No. 78/2020 dated 15/12/2020. The Mandatory requirements can be summarised as below: Thus, it’s optional to show HSN codes in B2C invoices for turnover below 5 crores However, for the 49 chemicals as specified in the Annexure below have to be mandatorily shown under 8 digits as per Notification no. 90/2020 dated 01st December 2020 It is also mandatory to report minimum digits as per above Table in GSTR 1 The digits of HSN codes will have…
