HSN Code Update in GST | HSN Code on Invoice | NN 78/2020 | HSN mandatory for all taxpayer
📍In this video we will discuss how the HSN requirement as amended by NN 78/2020. On 15.Oct.2020 CBIC issues a notification related to HSN Code, where by every taxpayer having turnover upto 5 crore need to mention HSN code upto 4 digits on invoice from 1.April.2020 and taxpayer having turnover more than 5 crore need to mention 6 digits of HSN Code on invoice. Thus now it is mandatory for all taxpayer to mention HSN Code on invoice. Simultaneously it is also mandatory to mention HSN wise summary in GSTR 1 return.
🔗Search HSN Code - https://bit.ly/3o8ueR5
📍Watch below videos on recent updates in GST
🎥Notification 81 to 88 Analysis - https://bit.ly/3mAvQCB
🎥Know about IFF Invoice Furnishing Facility - https://bit.ly/36ENmQv
🎥Know the recent change in HSN Code requirement - https://bit.ly/39BoI5k
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