Regulatory Update:
Amendment under the Central Goods and Services Tax Rules, 2017.
Recommendations by the Central Board of Indirect Taxes and Customs.
HSN Code Expansion:
Registered persons to include eight-digit HSN codes in tax invoices.
Applies to specified class of supplies, enhancing clarity and compliance.
Chemical Classification:
Detailed listing of chemical names and corresponding HSN codes provided.
Facilitates accurate invoicing and regulatory adherence.
Director's Directive:
Issued by Pramod Kumar, Director at the Government of India, ensuring regulatory compliance.
Immediate Implementation:
Amendment effective immediately upon publication.
Seamless transition to enhanced invoicing requirements.
Publication Details:
Original notification No. 12/2017-Central Tax issued on June 28, 2017.
Last amended by notification No. 78/2020-Central Tax on October 15, 2020.
Compliance Reminder:
Registered persons urged to update invoicing practices accordingly.
Ensures adherence to latest regulatory standards.