New change in Eway bill from 1st Feb 2024 , HSN CODE REPORTING

By | January 5, 2024
(Last Updated On: January 5, 2024)

National Informatics Centre
E-Way Bill System – Advisory on HSN Code
(Dated: 05-01-2023)
As per the notification No. 78/2020 –Central Tax, dated 15th October, 2020, it is
necessary to provide at least 6 digit HSN code for all the B2B and Export
transactions by the taxpayers whose Annual Aggregate Turnover (AATO) is more
than Rs. 5 Crores. The taxpayers, with AATO less than Rs. 5 Crores, need to
provide at least 4 digit HSN code.
This validation will be implemented in e-way bill System from 1st February 2024.
Hence, the taxpayers are advised to make necessary changes in their systems
and enter 4 / 6 digit HSN codes while generating the e-way bills through web
and API systems from 1st Feb. 2024.

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About CA Satbir Singh

Chartered Accountant having 12+ years of Experience in Taxation , Finance and GST related matters and can be reached at Email : Taxheal@gmail.com