Tax Management India. Com
                        Law and Practice: A Digital eBook ...
TMI - Tax Management India. Com
Case Laws Acts Notifications Circulars Classification Forms SMS News Articles
Highlights
D. Forum
What's New

Share:      

        Home        
 
Discussions Forum
Home Forum Goods and Services Tax - GST This
A Public Forum.
Anyone can participate to share knowledge.
We acknowledge the contributions of Experts/ Authors.

Submit new Issue / Query

← Previous Next →

WHETHER 6 DIGITS HSN IS COMPULSORY, Goods and Services Tax - GST

Issue Id: - 116798
Dated: 16-10-2020
By:- SAFETAB LIFESCIENCE
WHETHER 6 DIGITS HSN IS COMPULSORY

  • Contents

Dear Experts,

We hear through freinds whether we have to mention 6 digits HSN from 15.10.2020 onwards if our TO is more than 5.00 Crores

Post Reply

Posts / Replies

Showing Replies 1 to 4 of 4 Records

1 Dated: 17-10-2020
By:- Rajagopalan Ranganathan

Sir,

As per Notification No. 78/2020 – Central Tax dated 15.10.2020 and Notification 06/2020–Integrated Tax dated 15.10.2020 4 Digits of Harmonised System of Nomenclature Code (HSN Code) is to be indicated up to a turnover of ₹ 5 Crores and 6 Digits of Harmonised System of Nomenclature Code (HSN Code) is to be indicated where the turnover is more than 5 Crores.


2 Dated: 17-10-2020
By:- Rajagopalan Ranganathan

Sir,

The effective date for implementation of this is 01.04.2021


3 Dated: 19-10-2020
By:- YAGAY andSUN

Revised Requirement of declaring HSN for goods and SAC for services in invoices and in FORM GSTR-1 w.e.f. 01.04.2021 as under:

HSN/SAC at 6 digits for supplies of both goods and services for taxpayers with aggregate annual turnover above ₹ 5 crores;

HSN/SAC at 4 digits for B2B supplies of both goods and services for taxpayers with aggregate annual turnover upto ₹ 5 crores;

Government to have power to notify 8 digit HSN on notified class of supplies by all taxpayers


4 Dated: 19-10-2020
By:- Ganeshan Kalyani

Sir, it is to be followed w.e.f 01.04.2021.


1

Post Reply

← Previous Next →

|| Home || About us || Feedback || Contact us || Disclaimer || Terms of Use || Privacy Policy || Database || Members || Refer Us ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.
|| Site Map - Recent || Site Map || ||