GST Update: Deferment of Implementation of 6 Digit HSN Code in E-Invoice and E-way Bill:

GST Update: Deferment of Implementation of 6 Digit HSN Code in E-Invoice and E-way Bill The GST E-way Bill system has issued an important update regarding the 6-digit HSN Code. Implementation of atleast 6-digit HSN in e-Invoices and e-Waybills has been deferred. Previously it was said that,  “According to Notification No. 78/2020 dated 15th October 2020, taxpayers with an aggregate annual turnover (AATO) of more than Rs.5 crore must use a 6-digit HSN number in their e-invoices and e-Waybills, while other taxpayers must use a 4 digit HSN code. The majority of taxpayers are already doing so. Other taxpayers are being asked to adjust to the change and comply by the due date. This will become mandatory in e-Waybill and e-Invoice Systems on October 1, 2023.” Now, this HSN implementation has been deferred for a while.