HSN code digit requirement revised: larger taxpayers report more HSN digits; small taxpayers may omit digits for supplies to unregistered persons. Prescribes the required number of digits of Harmonised System of Nomenclature (HSN) Code on tax invoices according to two aggregate turnover bands for the preceding financial year, replacing the prior table; effective as of the operative date. Additionally, it allows registered persons within the lower turnover band to omit the specified HSN digits when issuing tax invoices for supplies to unregistered persons, easing invoice content requirements for smaller taxpayers.
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Provisions expressly mentioned in the judgment/order text.
HSN code digit requirement revised: larger taxpayers report more HSN digits; small taxpayers may omit digits for supplies to unregistered persons.
Prescribes the required number of digits of Harmonised System of Nomenclature (HSN) Code on tax invoices according to two aggregate turnover bands for the preceding financial year, replacing the prior table; effective as of the operative date. Additionally, it allows registered persons within the lower turnover band to omit the specified HSN digits when issuing tax invoices for supplies to unregistered persons, easing invoice content requirements for smaller taxpayers.
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