HSN code digit requirement linked to aggregate turnover, with relaxed invoice disclosure for small registered suppliers to unregistered buyers. The amendment prescribes HSN code digit requirement for tax invoices by linking the number of HSN digits to a registered person's aggregate turnover in the preceding financial year, requiring shorter HSN disclosure for lower turnover and longer disclosure for higher turnover. It further permits a registered person whose aggregate turnover is within the lower turnover class to omit the specified HSN digit entry when issuing tax invoices for supplies made to unregistered persons. The amendment is effective from the stated implementation date and is deemed to have been issued from an earlier declared date.
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Provisions expressly mentioned in the judgment/order text.
HSN code digit requirement linked to aggregate turnover, with relaxed invoice disclosure for small registered suppliers to unregistered buyers.
The amendment prescribes HSN code digit requirement for tax invoices by linking the number of HSN digits to a registered person's aggregate turnover in the preceding financial year, requiring shorter HSN disclosure for lower turnover and longer disclosure for higher turnover. It further permits a registered person whose aggregate turnover is within the lower turnover class to omit the specified HSN digit entry when issuing tax invoices for supplies made to unregistered persons. The amendment is effective from the stated implementation date and is deemed to have been issued from an earlier declared date.
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