Notification No. 06/2020
Date: October 15, 2020
Subject: Mandates the number of digits of HSN code to be mentioned on tax invoices based on turnover.
Description:
This notification amends Notification No. 05/2017–Integrated Tax to prescribe mandatory HSN code reporting on tax invoices. Registered persons with aggregate turnover up to ₹5 crore are required to mention 4-digit HSN codes, while those exceeding ₹5 crore must mention 6-digit HSN codes. An exemption is provided for small taxpayers for supplies made to unregistered persons. The amendment takes effect from 1 April 2021.
Issued for earlier notification?
Yes — amends Notification No. 05/2017–Integrated Tax dated 28.06.2017.