The Central Government notified the number of digits of HSN Code to be mentioned in the tax invoice under GST on the basis of Annual Turnover.
The Notification exempted persons having annual turnover below Rs. 1.5 crores from mentioning the digits of HSN Code under the proposed Goods and Service Tax (GST).
If the annual turnover of the taxpayer is more than rupees one crore fifty lakhs and up to rupees five crores, two numbers of digits of Code has to be shown.
For persons having turnover more than five crores, four numbers of digits of Code must be indicated in the tax invoice.
Read the full text of the Notification below.
