With effect from 1st April, 2021 it has been made mandatory for a GST taxpayer, having turnover of more than Rs 5 cr. in preceding financial year, to furnish 6 digits HSN Code, or as the case may be, SAC on invoices issued for supplies of taxable goods and services. @FinMinIndia
Link to access HSN Code/Service Accounting Code:
Goods
https://cbic.gov.in/resources//htdocs-cbec/gst/GSTratescheduleforgoodsason31032021.pdf…
Services
https://cbic.gov.in/resources//htdocs-cbec/gst/11-Rate_Notification-CGST-16.10.2020.pdf…
Services
https://cbic.gov.in/resources//htdocs-cbec/gst/12-Exemption_CGST-16.10.2020.pdf…@nsitharaman@ianuragthakur@FinMinIndiaQuote Tweet
Changes in GST from 01.04.22
1. HSN code mandatory for all.
2. No ITC if return not filed on due date.
3. E invoice issued by taxpayers with t/o over 1.5cr.
4. GSTR 2C introduced.
5. Late fees Rs.200 per day.
6. Interest at 24%.
7. Slab rate 5% goods 18% services @GST_Council
More details kindly contact to your Tax Consultant
