The GST E-way bill system has issued an Update dated September 05, 2023 stating that, As per the Notification No. 78/2020 dated October 15, 2020, the taxpayers, having Aggregate Annual Turn Over (“AATO”) above Rs 5 Crore, shall use atleast 6 digit HSN code in the e-Invoices and e-Waybills and other taxpayers shall use atleast 4 digit HSN code in E-Invoices and E-Way Bills.
Source: a2ztaxcorp.com
Latest Posts in "India"
- GST Council’s 5% Tax Retention on EVs Eases Industry Concerns Amid Competitive Pressures
- India Simplifies GST Regime to Two Main Rates, Effective September 2025
- Key Outcomes from the 56th GST Council Meeting
- India’s GST Overhaul: Winners, Losers, and Economic Impact of Tax Cuts
- India’s GST 2.0 Reform: New Two-Rate Structure, Business Impact, and Sectoral Benefits