If you do business, then this news is important for you. With effect from April 1, 2021, it has become mandatory to give HSN Code of 4 and 6 digits on Goods and Services (GST) invoices. Failure to do so may result in a penalty. Business turnover in a financial year is up to 5 crores, then you have to give 4 digit HSN code. At the same time, it is mandatory to give a 6 digit HSN code for businesses with a turnover of more than Rs 5 crore. Penalty of up to 50 thousand rupees may have to be paid if there is a mistake in the HSN code.
बिजनेस करने वालों के लिए ध्यान देने वाली बात ये है कि पहली अप्रैल 2021 से गुडस एंड सर्विसेज इनवाॅयस पर 4 और 6 डिजिट का एचएसएन कोड देना अनिवार्य हो गया है।
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#GST #HSN_code #Mandatory #6_digit_HSN_Code #Goods_and_Services #HimachalNews #HimachalPradesh #HimachalAbhiAbhi #LatestNews
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HSN Code | GST Invoices | Mandatory |.
If you do business, then this news is important for you. With effect from April 1, 2021, it has become mandatory to give HSN Code of 4 and 6 digits on Goods and Services (GST) invoices. Failure to do so may result in a penalty. Business turnover in a financial year is up to 5 crores, then you have to give 4 digit HSN code. At the same time, it is mandatory to give a 6 digit HSN code for businesses with a turnover of more than Rs 5 crore. Penalty of up to 50 thousand rupees may have to be paid if there is a mistake in the HSN code.
बिजनेस करने वालों के लिए ध्यान देने वाली बात ये है कि पहली अप्रैल 2021 से गुडस एंड सर्विसेज इनवाॅयस पर 4 और 6 डिजिट का एचएसएन कोड देना अनिवार्य हो गया है।
..................................................
#GST #HSN_code #Mandatory #6_digit_HSN_Code #Goods_and_Services #HimachalNews #HimachalPradesh #HimachalAbhiAbhi #LatestNews
Official website: https://himachalabhiabhi.com/
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HSN Code | GST Invoices | Mandatory |
News video | 172 views
The latest updates from GST norm changes in invoice matching for dealers brings in a big advantage for dealers. Hardeep Singh, Partner - Indirect taxes, KPMG India explains how the near-realtime updates can help the dealers address their issues better.
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India Voice is regional News Channel of Uttar Pradesh and Uttarakhand.
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Delayed payments from PSUs and large corporates are one of the biggest challenges for MSMEs. In a chat with ET Digital, Co-founder and CEO, Indifi Technologies, Alok Mittal, talk about how the technologies that enable invoice discounting can be a solution to the woes of small business.
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