Karnataka Amends GST Rules: Updates HSN Code Requirements Based on Turnover Effective April 1, 2021.
The Government of Karnataka has amended Notification (12/2017) regarding the Karnataka Goods and Services Tax (GST) Rules, effective from April 1, 2021. The amendment specifies changes to the table concerning the number of Harmonised System of Nomenclature (HSN) Code digits required based on aggregate turnover. Businesses with a turnover up to five crores must use four-digit HSN codes, while those exceeding five crores must use six-digit codes. Additionally, businesses with a turnover up to five crores may omit HSN code digits in invoices for supplies to unregistered persons.
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