GSTN Advisory on HSN Code Reporting in e-Invoice on IRPs Portal
As per the 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.
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.
The 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.
The exact date of implementation shall be communicated shortly.
- Temporarily blocking public access to Telegram App not disproportionate – Delhi High Court
- High Court explains the meaning of term ‘enterprise’ appearing in section 80IA
- Addition deleted as assessee was only a carrier of cash not owner who came up to own it
- Lokayukta Police not exempt from disclosure of information under RTI Act 2005 – SC
- Payment of imprest whether a transfer within the meaning of section 269ST
