A major change for which the businesses have to gear up starting 01st April 2021 is mentioning of HSN codes on all the tax invoices: Major points to be considered for this new provision are as below: 1. The change is an extension of the amendment made in Notification 12/2017-Central Tax through Notification No. 78/2020 dated 15/12/2020. 2. For turnover…
Tag: HSN Code
Mandatory to mention 4/6-digit HSN/SAC Code w.e.f. April 1, 2021
The Central Board of Indirect Taxes (CBIC) issued Notification No. 12/2017-Central Tax dated June 28, 2017, to show specified digits of Harmonised System of Nomenclature (HSN)/ Service Accounting Code (SAC) Code on raising of tax invoices for supply of goods or services as under: S. No.Aggregate Turnover in the preceding Financial YearNumber of Digits of HSN Code1.Upto…
K S Sridhar and Associates 