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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

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

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