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ET Explainer: What's in a number? A lot when it is numerical code HSN

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 ....

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Understanding GST Invoice Bill

A GST invoice bill is a crucial document that facilitates transparency, accountability, and compliance within the GST framework. ....

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GST Council Meeting: Here are key announcements and its impact on Indian economy

GST Council Meeting: Here are key announcements and its impact on Indian economy
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HSN code: Understanding HSN code - The Economic Times

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.
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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 financial year would also be required to furnish four-digit HSN code on B2B invoices. ....

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