Harmonised System of Nomenclature Code is a
A. 4 digits Code
B. 6 digits Code
C. 12 digits Code
D. 16 digits Code
Explanation:
It has been made mandatory for a GST taxpayer having a turnover of more than Rs 5 crore in the preceding financial year, to furnish 6 digits HSN Code (Harmonised System of Nomenclature Code) which comes into effect from April 1. A taxpayer having turnover of upto Rs 5 crore in the preceding financial year is required to mandatorily furnish 4 digits HSN code on B2B invoices. Earlier, the requirement was 4 digits and 2 digits.
