CBIC Re-reminds about Four New Changes in GST

05.04.2021: Through the official twitter handle, CBIC has re-reminded about four new changes in GST which are as under:

1.) Attention GST Taxpayers!

Requirement of HSN Code for Goods and Services on Tax Invoices is mandatory w.e.f April 01, 2021.

https://t.co/a5F9zDxkK1

2.) Attention GST Taxpayers whose aggregate turnover exceeds Rs. 50 crore in a Financial Year!

Generating E-Invoice for B2B supply of Goods or Services or both is mandatory w.e.f April 01, 2021.

https://t.co/7HUzLKZQfZ

3.) Attention Importers/Customs Brokers!

Important amendments regarding filing of Bill of Entry (BE) w.e.f 29.03.2021 (Section 46 of Customs Act, 1962).

https://t.co/qE2RbRLsdc

4.) Attention GST Taxpayers whose aggregate turnover in any preceding financial year from 2017-18 onwards exceeds Rs.500 crore!

Generating Dynamic QR Code on B2C Invoices issued to unregistered person. Penalty waived for non-compliance subject to conditions provided.

https://t.co/SBi4xXXCfh