When a product is being offered on a E-Commerce marketplace,
How many digits of HSN Code is mandatory for all vendor?
Like 4 Digit or 6 Digit or 8 Digit
2 Replies
Ayush
(Executive )
(6760 Points)
Replied 25 March 2023
As per the guidelines issued by the Ministry of Finance, Government of India, it is mandatory for all vendors selling goods on an e-commerce marketplace to provide the HSN (Harmonized System of Nomenclature) code for each product being sold. The minimum number of digits required for the HSN code will depend on the turnover of the vendor in the preceding financial year, as follows:
For vendors with a turnover of up to INR 5 crore in the preceding financial year: They can provide a 4-digit HSN code for their products.
For vendors with a turnover of more than INR 5 crore in the preceding financial year: They must provide a 6-digit HSN code for their products.
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 26 March 2023
As per Notification 78/2020 CT ,
4 Digit HSN for those whose Aggregate turnover is below 5 crore & 6 Digit HSN for those whose Aggregate Turnover is above 5 crore
4 Digit HSN for those whose Aggregate turnover is below 5 crore & 6 Digit HSN for those whose Aggregate Turnover is above 5 crore
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