Notifies Number of Digits of harmonised System of Nomenclature Code for Lakshadweep
Notification No. 15/2017 – Union Territory Tax: Harmonised System of Nomenclature Code Requirements
The Government of India's Ministry of Finance, Department of Revenue, issued Notification No. 15/2017 on June 30, 2017. This notification pertains to the Union Territory Goods and Services Tax (Lakshadweep) Rule, 2017, specifically addressing the requirement for registered persons to include Harmonised System of Nomenclature (HSN) Codes in their tax invoices. The notification specifies that businesses with different annual turnovers must include a varying number of HSN Code digits on their invoices. For businesses with a turnover of less than Rs. 1.5 crore, no HSN Code digits are required. Those with a turnover exceeding Rs. 1.5 crore but less than Rs. 5 crore must include 2 digits, and businesses with a turnover of Rs. 5 crore and above must include 4 digits. This notification, effective from July 1, 2017, aims to standardize the inclusion of HSN Codes in invoices, facilitating uniformity and compliance across businesses in Lakshadweep. The notification was issued by S.R. Meena, Under Secretary to the Government of India.
Note: It is an AI generated summary for reference purpose only.
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(Department of Revenue)
Notification No. 15/2017 – Union Territory Tax
New Delhi, the 30th June, 2017
G.S.R. …..(E).— In pursuance of the first proviso to rule 46 of the Union Territory Goods and Services Tax (Lakshadweep) Rule, 2017, the Central Government, on the recommendations of Goods and Services Tax Council, hereby notifies that the registered person having annual turnover as specified in column (2) of the Table below shall mention the digits of Harmonised System of Nomenclature Codes, as specified in the corresponding entry in column (3) of the said Table, in a tax invoice issued by them under the said notification.
Table
Serial Number
Turnover
Number of Digits of Harmonised System of Nomenclature Code
(1)
(2)
(3)
1.
Less than one crore fifty lakhs rupees
Nil
2.
More than one crore fifty lakhs rupees but less than five Crores rupees
2
3.
Five Crores rupees and above
4
2. This notification shall come into force with effect from the 1st day of July, 2017.
