WebFor this group of taxpayers, it will now be mandatory to mention 6 digits of the HSN code for Goods as well as Services. 2 Taxpayers with aggregate turnover up to INR 5 Crore The taxpayers, whose aggregate turnover falls below the INR 5 Crore slab, also have to mention the code in all their tax invoices. Web2 dec. 2024 · CBIC has mandated 8 digit HSN classification for 49 chemical based products The government has made it mandatory to mention 8-digit HSN or tariff code for 49 chemical based products...
When Is HSN Code Mandatory in GST? - Vakil Search
WebAs per Notification No. 78/2024 – Central Tax dated 15th October, 2024, it is mandatory for the taxpayers to report minimum 4 digit or 6 digit of HSN Code in table-12 of GSTR-I … Web31 mrt. 2024 · If HSN code is required to be mentioned at 6 digits then taxpayers can mention the same at 6 digits or 8 digits level as per valid HSN code given in List. Further, if HSN Code is required at 4 digit level then HSN Code can be mentioned at 4 digits or 6 digits or 8 digits as given in HSN Code List. rich nourishing body lotion
Govt makes it compulsory to mention 8-digit HSN Code in GST tax …
WebThe HSN code for the product is 62.13.90, where 90 is the product code for handkerchiefs made of other textile materials. For a deeper classification, Indian GST has 2 more digits to these commodities. Where the handkerchiefs are made from a human-made fibre, then the HSN code becomes 62.13.90.10. Web25 jun. 2024 · HSN code of 4 digits will be mandatory for taxpayers having turnover more than Rs. 5 crore in the preceding financial year. Turnover will be considered on the basis of taxpayer's self-declaration for the first year. Web18 mrt. 2024 · Taxpayers Have Mandatorily Declare HSN/SAC Codes In GST Tax Invoices From 1st April, 2024 E-Invoicing has been made applicable from 1st October 2024 to all businesses whose aggregate turnover has exceeded Rs.500 crores limit in any of the preceding financial years from 2024-18 to 2024-20. rich north korean