- E-Way Bill System has issued an advisory regarding changes in HSN code requirements for E-Way Bills
- Effective from February 1, 2024, businesses must adhere to new specifications based on their Aggregate Annual Turnover (AATO)
- Taxpayers with AATO more than Rs. 5 Crores must provide at least 6 digit HSN code for B2B and Export transactions
- Taxpayers with AATO less than Rs. 5 Crores must provide at least 4 digit HSN code
- This validation will be implemented in the e-way bill system from February 1, 2024
- Taxpayers are advised to make necessary changes in their systems and enter 4/6 digit HSN codes while generating e-way bills from February 1, 2024.
Source: news.caclubindia.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
