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December 12, 2023
In India, declaring a 4-digit HSN code is mandatory on goods and services tax (GST) invoices by businesses with turnover up to Rs 5 crore and a 6-digit code on invoices by businesses with a turnover of more than Rs 5 crore
September 21, 2023
A GST invoice bill is a crucial document that facilitates transparency, accountability, and compliance within the GST framework.
April 1, 2021
Synopsis The Finance Ministry has said that businesses with a turnover of more than Rs 5 crore have to show a six digit HSN number. Getty Images HSN and SAC codes are used to classify goods and services under GST regime. The ministry of finance has announced that businesses with turnover of Rs 5 crore and above will have to furnish six-digit HSN or tariff code on the invoices issued for supplies of taxable goods and services from April 1. Those with turnover of up to Rs 5 crore in the preceding...