Under the Goods and Services Tax (GST) framework, multiple reforms have been introduced to streamline compliance and enhance tax reporting accuracy. One notable change is the requirement to include ...

The GST reporting of HSN codes in Table 12 of GSTR-1/1A is being updated as per phased implementation. Under Phase 3, effective February 2025, taxpayers with an Aggregate Annual Turnover (AATO) of up ...

Recent communications from GSTN and CBIC have shed light on important aspects of HSN (Harmonized System of Nomenclature) code reporting in Table 12 of GSTR-1, particularly concerning B2B ...

With GST, most of the goods and services were classified uniformly using Harmonised Commodity Description and Coding System or HSN. The HNS is a multipurpose international product nomenclature ...

Businesses with turnover of more than ₹5 crore will have to furnish six-digit HSN or tariff code on the invoices issued for supplies of taxable goods and services from April 1, the Finance Ministry ...

GST (Goods and Service Tax), a revolutionary step by the Government of India, which has changed the entire tax structure of the country. The new tax regime was implemented from July 1, 2017, and has ...