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 6-digit HSN Code. Implementation of atleast 6-digit HSN in e-Invoices and e-Waybills has been deferred.

Implementation of 6 Digit HSN Code

Reetu | Sep 30, 2023 |

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.

StudyCafe Membership

Join StudyCafe Membership. For More details about Membership Click Join Membership Button
Join Membership

In case of any Doubt regarding Membership you can mail us at [email protected]

Join Studycafe's WhatsApp Group or Telegram Channel for Latest Updates on Government Job, Sarkari Naukri, Private Jobs, Income Tax, GST, Companies Act, Judgements and CA, CS, ICWA, and MUCH MORE!"