GST Advisory on HSN Code Reporting in e-Invoice on IRPs Portal

GST Advisory

Government has issued GST Advisory for HSN Code Reporting in e-Invoice on IRPs Portal which are as under.

1. We would like to bring to your attention notification no. 78/2020 – Central Tax dated 15th October 2020. As per the above-said notification, it is now mandatory for taxpayers to report a minimum of six-digit valid HSN code for their outward supplies having AATO of more than 5 crores in any previous financial year.

2. We would like to inform you that this requirement has already been implemented in the GST system, and we are now in the process of implementing the same at IRPs portal in collaboration with our IRP partners including NIC. It is further suggested that in case wherever valid six digit HSN code is not available, a corresponding valid eight digit HSN code be reported instead of artificially creating six digit HSN code.

3. We understand that this requirement may require changes to your systems as well. We would like to assure you that we intend to provide sufficient time for taxpayers and IRP partners to make the necessary changes to comply with this requirement.

4.We will communicate the exact date of implementation to you shortly.

Read similar article

GST Updates

GST Concepts

Comming Soon

Supply Under GST

GST on RCM

Composition Schem under GST

Place of Supply Under GST

Time of Supply under GST

Value of Supply under GST

Input Tax Credit & Block Credit

Registration Under GST

Refunds under GST

GST Books

Comming Soon

GST E-way Bill

GST TDS & TCS

GST On Services

GST on Real Estste

GST on Works Contract

GST Compliances Book

GST Audit Book

GST Notifications Book

GST Circulars Book

GST Advisories Book

GST Csse Laws Book