What Is an HSN Code and Why Does It Matter for GST Filings? The HSN code framework is the backbone of India's GST system. Accurate HSN code usage is crucial for businesses. It ensures compliance, ...
Recent communications from GSTN and CBIC have shed light on important aspects of HSN (Harmonized System of Nomenclature) code reporting in Table 12 of GSTR-1, particularly concerning B2B ...
Businesses with turnover of more than Rs 5 crore will have to furnish six-digit HSN or tariff code on the invoices issued for supplies of taxable goods and services from April 1, the finance ministry ...
Goods and Services Tax Network (GSTN) is updating reporting requirements for GSTR-1 and GSTR-1A, specifically concerning HSN codes and document details. Notification No. 78/2020 mandates reporting HSN ...