Madan (P) Ltd. has annual taxable turnover which always exceeded ₹ 500 lakh. How many digits of HSN code to be mentioned in the tax invoice?

CS Executive · Tax Laws · PYQS · June 2023
Madan (P) Ltd. has annual taxable turnover which always exceeded ₹ 500 lakh. How many digits of HSN code to be mentioned in the tax invoice?
(A) 4 digits when it is B2B
(B) 4 digits when it is B2C
(C) 6 digits when it is B2B
(D) 6 digits when for both B2B and B2C

Answer & Explanation:

Correct Answer: Option (D)

Official answer key: (D).

Topics: GST

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