Notification No. 05/2017
Date: June 28, 2017
Subject: Prescribes the number of HSN digits to be mentioned on tax invoices based on turnover.
Description:
This notification mandates disclosure of HSN codes on tax invoices depending on the aggregate turnover of the registered person in the preceding financial year. No HSN is required up to ₹1.5 crore turnover, 2-digit HSN is required for turnover between ₹1.5 crore and ₹5 crore, and 4-digit HSN for turnover exceeding ₹5 crore. The notification aims to standardise invoicing practices.