Registered businesses must include Harmonized System of Nomenclature (HSN) Codes on tax invoices.
Requirement based on annual turnover:
Businesses with turnover up to Rs. 1.5 crore: No HSN code required.
Turnover between Rs. 1.5 crore and Rs. 5 crore: 2-digit HSN code.
Turnover above Rs. 5 crore: 4-digit HSN code.
Amendment effective from July 1, 2017.
Ensures uniformity and simplification in tax invoice documentation.
Facilitates better tax compliance and data analysis.
Issued by Dr. Sree Parvathy S.L., Under Secretary to the Government of India.