GST News & Updates || GSTN issued Advisory on HSN Code Reporting in e-Invoice on IRPs Portal

GSTN would like to bring the Taxpayer’s attention to Notification No.78/2020 – Central Tax dated October 15th 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 an Aggregate Annual Turnover of more than Rs.5 crores in any previous financial year.

GSTN 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 the 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 is reported instead of artificially creating six digit HSN code.

GSTN understands 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.

GSTN will communicate the exact date of implementation to you shortly.

The Advisory can be accessed at Click Here

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