24 January 2018
Entities having less than Rs.1.5 crores annual turnover in the preceding financial year will not be required to display HSN code on the invoice. Entities having Rs.1.5 crores to Rs.5 crores annual turnover in the preceding financial year will be required to display the first two digit (Chapter) of the HSN code on the invoice. Entities having more than Rs.5crores annual turnover in the preceding financial year will be required to display the first two digit (Chapter) and chapter heading of the HSN code on the invoice. Thus, only entities having more than Rs.5 crores of annual turnover would be required to display 4 digit HSN code on the invoice.
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