Goods and Services Tax : While HSN mirroring works for goods, it creates classification errors in services. The key takeaway is that service classification...
Goods and Services Tax : GST may appear simplified, but HSN classification remains central to compliance and disputes. Incorrect classification can lead to...
Goods and Services Tax : A common point of confusion for millions of grocery store owners and other small retailers in India is whether they must include H...
Goods and Services Tax : Explore GST Reverse Charge Mechanism (RCM) with a master chart detailing applicable services and goods, HSN/SAC codes, rates, and...
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...
DGFT : Union Commerce Minister Piyush Goyal has launched a guidebook mapping 12,167 HSN Codes to 31 ministries, aiming to improve policy,...
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...
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 […]
