- Ravi Shah
- | Goods and Services Tax - Articles |
- 22 Dec 2019
- 43,473 Views
- 4 comments
HSN /SAC Codes shall be mentioned in Tax Invoice
The taxpayers who have turnover below the limit of Rs 1.5 Crore will have to mention the description of goods/service in place of code. Whereas, the description is optional for taxpayers who are required to furnish HSN/ SAC codes on the basis of aggregate turnover as below:
- Less than Rs. 1.5 crores – HSN/SAC code is not mandatory (Hence, composition dealers may not be required to specify HSN at 2-digit level also).
- Rs. 1.5 crores to Rs. 5 crores – HSN code at minimum 2 digit chapter level is mandatory. SAC code is mandatory.
- Above Rs. 5 crores – HSN code at minimum 4 digit chapter level is mandatory. SAC code is mandatory.
- For export turnover, 8-digit HSN code is mandatory irrespective of any of the above 3 categories.
Tags: Goods And Services Tax, GST
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For export turnover, 8-digit HSN code is mandatory.. But where it is written, please mention Rules/Notification/Circular(If Any)
how many digit required for SAC code?
How many digits are required for Sac code in GST Invoice
What about sac code how many digits at which turnover ? Pls clarify.