GST E-Way Bill Update - Mandatory HSN Code Requirements on E-Way Bills and E-Invoices
GST E-Way Bill Update - Mandatory HSN Code Requirements on E-Way Bills and E-Invoices discussed by CA. Satuti Mahajan.
Effective October 1, 2023, taxpayers with an aggregate annual turnover (AATO) of Rs. 5 crore or more will be required to use at least a 6-digit HSN code in their e-invoices and e-way bills.
Taxpayers with an AATO of less than Rs. 5 crore will still be required to use at least a 4-digit HSN code.
Most of the tax payers are already follwing this, Other tax payers are requested to adapt to the change and comply by the due date.
This will be made Mandatory from October 01, 2023 in e-Waybill and e-Invoice Systems.
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