HSN Archives

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 …

GSTN is Organizing Webinars On Enhanced HSN Functionality Deployed On GST Portal Read More »

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

TC VIP / By Dhanraj Sharma / August 27, 2021 August 27, 2021 / BUSINESSES GST, GSTN, GSTN PORTAL, GSTR-1, HSN, HSN CODE

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

GST / By Dhanraj Sharma / April 14, 2021 April 14, 2021 / BUSINESSES GST, GST, GST COUNCIL, GSTN, GSTN PORTAL, GSTR, GSTR-1, HSN, HSN CODE, HSN SERVICE ACCOUNTING CODE, NIRMALA SITHARAMAN

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.

Amendment in AEO Programme; auto renewal of AEO T1 validity for continuous certification based on continuous compliance monitoring

CBIC Re-reminds about Four New Changes in GST

GST / By Dhanraj Sharma / April 5, 2021 April 5, 2021 / CBIC, E-INVOICE, E-INVOICES, GST, HSN, HSN & SAC Code MASTER, HSN SERVICE ACCOUNTING CODE

05.04.2021: Through the official twitter handle, CBIC has re-reminded about four new changes in GST.

FAQs on HSN/ SAC Codes in GST which will be Mandatory from 1st April 2021

GST / By CA Shalini Passi / March 29, 2021 March 29, 2021 / BUSINESSES GST, GST, HSN, SAC

HSN stands for Harmonised System Nomenclature is a code used for classifying the goods under GST Act. It is an internationally standardized system of names and numbers used to systematically classify goods all over the world. HSN is an 8-digit code.

Changes in GST from 1st April 2021 You Must Know

GST / By Dhanraj Sharma / March 26, 2021 March 26, 2021 / EXPORT, EXPORTERS, GST, GSTN, GSTN PORTAL, GSTR, GSTR-1, HSN, SAC

While taking ITC on purchases and other expenses, kindly verify that supplier has mentioned HSN/ SAC code in invoice as required. If HSN/ SAC Code is not mentioned in invoice, then ITC will not be available.

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

GST / By gm / March 25, 2021 March 25, 2021 / CBIC, GST WEBINAR, HSN, QRMP FAQ, QRMP SCHEME

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

HSN Codes with GST Rates

GST / By Dhanraj Sharma / March 13, 2021 March 13, 2021 / GST, HSN, INDIRECT TAXATION

HSN Codes with GST Rates (as on 30/06/2020). Goods which are not specified in table below have IGST tax rate of 18%.

Upcoming Changes in GSTR-1 You Must Know

1 Comment / BUSINESS & ECONOMY, GST / By Dhanraj Sharma / March 4, 2021 March 4, 2021 / CBIC, GST, GSTN, GSTN PORTAL, GSTR, GSTR-1, HSN

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.