Goods and Services Tax : From January 2025, reporting HSN codes in GSTR-1/1A Table 12 is mandatory. Key changes include auto-populated descriptions, dropdo...
Goods and Services Tax : Learn about HSN/SAC code reporting rules in GST returns, including turnover thresholds, PAN-wise applicability, and mandatory code...
Goods and Services Tax : For sweets and snacks manufacturers in India, understanding the correct Harmonized System of Nomenclature (HSN) codes is crucial f...
Goods and Services Tax : यह कि CBIC द्वारा हाल ही में कुछ परिवर्तन किए हैं । जि...
Goods and Services Tax : Explore the world of Goods and Services Tax (GST) and Harmonized System of Nomenclature (HSN) codes. Learn about GST rates, the si...
Goods and Services Tax : As per Notification No. 78/2020 – Central Tax dated 15th October, 2020, it is mandatory for taxpayers to mention 6-digit HSN C...
Goods and Services Tax : GST helpdesk is in receipt of some tickets at helpdesk wherein it was reported that certain 6-digit HSN codes are not available in...
Goods and Services Tax : GSTN updates GSTR-1/1A reporting. HSN code reporting in Table 12 is mandatory (4/6 digits based on turnover). Table 13 (document d...
Goods and Services Tax : GST mandates 4-6 digit HSN code reporting in GSTR-1/1A. Phase 3 starts Feb 2025 with stricter validations for B2B & B2C supplies. ...
Goods and Services Tax : It is now mandatory for taxpayers to report a minimum of six-digit valid HSN code for their outward supplies having AATO of more t...
Goods and Services Tax : A revamped & enhanced version of Search HSN Functionality has been launched on the GST Portal. The Search HSN functionality ...
Goods and Services Tax : Advisory on HSN and GSTR-1 Filing | 26/08/2021 1. In accordance with Notification No. 78/2020 – Central Tax, dated October 15, 2...
Notification No. 88/2020 dated 15.10.2020 (Central Tax) In the said notification w.e.f 01.04.2021 Those Tax Payer whose Aggregate Turnover above Rs.5 Crore during the Financial year (2020-2021), 6 Digit HSN/SAC for Goods & Services to be mentioned in all Type of Tax Invoices. AND Those Tax Payer whose Aggregate Turnover upto Rs.5 Crore during the […]
HSN Reporting Changes I have in this article attempted to explain the changes in HSN Reporting from May 2021 in GSTR 1, as I feel that many members may have questions in respect of same. This is an effort to address and provide answers to select questions for the benefit of all. Table 12- Reporting […]
GST – Major Change to be executed in GSTR 1 filed from 1st May 2021 onwards. 1st April 2021 marked the new change for imposition of 4/6/8 digit HSN/SAC codes regarding HSN/ SAC codes as below link. https://taxguru.in/goods-and-service-tax/16-bullet-points-gst-hsn-code-requirements.html 12 points need to be noted for the GSTR-1 for the month of April 2021 to be […]
I have been watching lot of questions about use of SAC classifications in several groups. I am enclosing herewith list of illustrative SAC classification of services as applicable from July 1,2017. Please note that no specific exemption was available for non-quoting of SAC from the day one of GST Act 2017 Note: All users are […]
GST helpdesk is in receipt of some tickets at helpdesk wherein it was reported that certain 6-digit HSN codes are not available in HSN Master/ not accepted on e-invoice/e-Way bill portals.
Service Accounting Code are mandatory on invoices for supply of services as per revised requirement from 1st April 2021 for GST taxpayer with turnover of more than Rs. 5 crore. Annexure: Scheme of Classification of Services S.No. Chapter, Section, Heading or Group Service Code (Tariff) Service Description (1) (2) (3) (4) 1 Chapter 99 All […]
