HSN

New GST Rates: 10 Household Items That Will Cost More From July 18

GSTN is Organizing Webinars On Enhanced HSN Functionality Deployed On GST Portal

The Search HSN Code functionality has been enhanced, where taxpayers can search the HSN code and the applicable Technical description through common parlance / trade description of the goods/ services as they are known in the Trade. It helps the taxpayers to search HSN Code by providing description/ part of a description. For creating awareness …

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GSTN Issues Advisory on Filing of GSTR-1 As Taxpayers Raised Issues for HSN Summary in GSTR-1

GSTN Issues Advisory on Filing of GSTR-1 As Taxpayers Raised Issues for HSN Summary in GSTR-1

It has been reported by few taxpayers that HSN used by them for reporting in GSTR-1 is not available in the table 12 HSN drop-down. They have further stated that they are facing issues in adding the required HSN details in table -12 and filing of statement of outward supplies in form GSTR-1 of July …

GSTN Issues Advisory on Filing of GSTR-1 As Taxpayers Raised Issues for HSN Summary in GSTR-1 Read More »

Tax Concept's Representation to Hon'ble Finance Minister and GST Council Seeking Clarification on Reporting of HSN Codes in Tax Invoices as well as in GSTR-1 w.e.f. 1st April 2021

Tax Concept’s Representation to Hon’ble Finance Minister and GST Council Seeking Clarification on Reporting of HSN Codes in Tax Invoices as well as in GSTR-1 w.e.f. 1st April 2021

When we refer relevant notifications, we can consider that above clarifications are not as per law. So, you are requested to please ask the GSTN to make necessary changes in the reporting of HSN Codes in GSTR-1 and not to issue any clarification which is not as per law.

CBIC is organising a webinar on QRMP Scheme, E-Invoicing and HSN requirements in GST Invoicing on March 26, 2021

CBIC organising a LIVE webinar on QRMP Scheme E-Invoicing and HSN Directorate General CBIC organising a LIVE webinar on QRMP Scheme E-Invoicing and HSN Taxpayer Services, CBIC is organising a webinar on QRMP Scheme, E-Invoicing and HSN requirements in GST Invoicing on March 26, 2021. Webinar details in creative below 👇 https://t.co/nHsWpmNhLj

Upcoming Changes in GSTR-1 You Must Know

Upcoming Changes in GSTR-1 You Must Know

GSTN has recently twitted about some upcoming changes in GSTR-1 which are as under:

1. Column “Total Value” to be removed from Table-12 (HSN wise summary of outward supplies) of Form GSTR-1.

2. A new entry “Rate of Tax” to be inserted in place of Column “Total Value”. Thus, HSN code to be reported Rate Wise.

3. Changes in reporting of number of digit of HSN code as per Notification No. 78/2020- Central Tax and 79/2020- Central Tax Dated 15/10/2020.