Wednesday 21 June 2017

HSN Code or ACS Code to be Mentioned in Invoice

Invoice is  required to have HSN Code of goods or Accounting Code of Services(ASC).For this purpose taxable persons are classified in 3 catrgories:-

S.No. Turnover Digits of HSN or SAC Code Required
1 Less than Rs 1.50 Crores  Not required to be mentioned
2 Turnover between Rs.1.50 to Rs.5 crores 2 Digit HSN Code
3 Turnover Above 5 Crores Minimum 4 digits

For Export Goods 8 Digit

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