HS Code adopted for GST seems to be a good Idea. It will be easy to identify products whether imported or locally traded.
Is it compulsory to show HSN code in tax invoice? HSN code is enough or even the description should be printed in tax invoice?
What will be the other benefits from HSN coding?
CGST Act and invoice rules issued by government prescribes the details to be furnished in a Tax invoice. As per the rules issued by government in this regard, HSN code of goods or accounting code for service should be specified in invoice.
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