Mandatory to Quote HSN/SAC Code in GST Invoice from 01.04.2021
The Change-related to Quoting of HSN Code on Tax invoice is given below:
| HSN Code Change | B2B Transactions | B2C Transactions |
| For Turnover upto Rs 5 Cr | 4 – Digit HSN | NA |
| For Turnover of more than Rs 5 Cr | 6 – Digit HSN | 6 – Digit HSN |
| For Exports | 8 – Digit HSN | 8 – Digit HSN |
- The HSN Code digits will be reported based on the Turnover of FY 2019-20.
- In the case of Export, the requirement of mentioning 8 – Digit HSN on Tax Invoice is as per FTP (Foreign Trade Policy) and not GST.
- In case of non-mention of HSN Code Penalty of Rs 50,000 is applicable.
- Also, HSN Mis-match changes the GST rate of goods/services. Taxpayers should be very careful while implementing the same.
- Department can send notices in case of HSN mismatches and mistakes in GSTR-1/ Tax Invoice/ E-way Bill/ E-Invoice/ GSTR-9/ AOC-4/ Cost Audit Report/ Shipping Bill/ Bill of Entry/ Registration Certificate etc.
- On Supply of Specified Checimals, 8 Digit HSN Code is mandatory. The List of specified Chemicals can be seen in Notification No. 90/2020 – Central Tax Dated 1st December 2020
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