Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram

TMI Blog

Home

Export invoice - Number of digits of SAC to be mentioned

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... As per notification 12/2017 - Central tax , if the annual turnover is more than 5 crores then 4 digits of HSN to be mentioned in the Tax invoice. Similarly for Export of services , is it mandatory to mention 6 digits or 4 digits is sufficient? Kindly clarify Thanks in advance - Reply By KASTURI SETHI - The Reply = Yes,.it is mandatory for export also. Rather, it is more important for ex .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... port purpose as HSN has been accepted internationally. As notification itself says that HSN is turnover basis. It is mandatory for all taxable supplies whether for home consumption or export. If your turnover is below 1.50 crore, even then you must mention HSN because it is safe from every angle. - Reply By Mohideen A - The Reply = Dear Sir, Thanks for your clarification. We agre .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... e that we need to mention HSN/SAC in the export invoice. Currently we are mentioning first 4 digits of SAC in our export of service invoice. Is it mandatory to mention 6 digits of SAC in the export invoice or mentioning of 4 digits of SAC will be sufficient ? kindly clarify - Reply By KASTURI SETHI - The Reply = Notification No.12/17-C.T. dated 28.6.17 has not been further amended so far. On .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... the basis of this notification we can say that only 4 digits are mandatory. This is the latest position. Notification No.12/18-CT dated 7.3.18 meant for E-way bill also makes 4 digit mandatory. 6 digit HSN/SAC code is not mandatory. - Export invoice - Number of digits of SAC to be mentioned - Query Started By: - Mohideen A Dated:- 19-3-2019 Goods and Services Tax - GST - Got 3 Replies - GST - .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

 

 

 

 

Quick Updates:Latest Updates