There has been a recent development in the E-way bill system for all registered taxpayers.
Notification No. 78/2020 –Central Tax, dated 15th October, 2020 made it mandatory for taxpayers whose Annual Aggregate Turnover (AATO) is more than Rs. 5 Crores to provide at least 6 digit HSN code for all the B2B and Export transactions.
As per the latest update, 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 four or six digit HSN codes while generating the e-way bills through web and API systems from 1st February 2024.
Also read our other related articles:
https://gstplatform.com/new-feature-on-gst-portal-form-gst-drc-01c/ https://gstplatform.com/introduction-of-table-14-table-15-in-gstr-1
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