Notification No. 78/2020 – Central Tax GST: Seeks to notify the number of HSN digits required on tax invoice.

Talk to an Expert: File ITR, GST & Other Business support services:

Notification No. 78/2020 – Central Tax

GST: [To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i)]

G.S.R…..(E).—In exercise of the powers conferred by the first proviso to rule 46 of the Central Goods and Services Tax Rules, 2017, the Central Board of Indirect Taxes and Customs, on the recommendations of the Council, hereby makes the following amendment in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No.12/2017 – Central Tax, dated the 28^th June, 2017, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R. 660(E), dated the 28^th June, 2017, namely:–

In the said notification, with effect from the 01^st day of April, 2021, for the Table, the following shall be substituted, namely, –

Table

Serial Number (1)	Aggregate Turnover in the preceding Financial Year (2)	Number of Digits of Harmonized System of Nomenclature Code (HSN Code) (3)
1.	Up to rupees five crores	4
2.	more than rupees five crores	6

Provided that a registered person having aggregate turnover up to five crores rupees in the previous financial year may not mention the number of digits of HSN Code, as specified in the corresponding entry in column (3) of the said Table in a tax invoice issued by him under the said rules in respect of supplies made to unregistered persons.‖.

(Pramod Kumar)
Director,
Government of India

Note: The principal notification number 12/2017 – Central Tax, dated the 28^th June, 2017, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R.660(E), dated the 28^th June, 2017.

Blog

Product Stories, Roadmaps & Updates

FORM GST ITC-02A: Declaration for transfer of ITC pursuant to registration under sub-section (2) of section 25

GST, Forms

I ___________________ hereby solemnly affirm and declare that the information given hereinabove is true and correct to the best of my knowledge and belief and nothing has been concealed there from.

FORM GST ITC-02: Declaration for transfer of ITC in case of sale, merger, demerger, amalgamation, lease or transfer of a business under sub-section (3) of section 18

GST, Forms

I _______________ hereby solemnly affirm and declare that the information given hereinabove is true and correct to the best of my knowledge and belief and nothing has been concealed there from.

FORM GST ITC-01: Declaration for claim of input tax credit under sub-section (1) of section 18

GST, Forms

Date from which liability to pay tax arises under section 9, except section 9 (3) and section 9 (4) [For claim under section 18 (1)(a) and section 18 (1)(c))]

Blog

by TeamFinodha |

BlogAll CategoryThe Goods and Services Tax is a successor to VAT used in India on the supply of goods and service. Both VAT and GST have the same taxation slabs. It is a comprehensive, multistage, destination-based tax: comprehensive because it has subsumed almost all...

Digital Signature Certificate

by TeamFinodha |

Online DSC Registration, Only With Finodha! in just 30min.Want to buy a DSC (Digital Signature Certificate) online and most affordably? Finodha is India’s most affordable provider of digital signatures. For just ₹996/-, we can provide a Class 3 DSC and digital...

One Person Company (OPC)

by TeamFinodha |

Online One-Person Company Registration in just 7 Days*No more delays or difficulties! Register your business with India’s most affordable provider of company incorporation services.Get a 7-day Guaranteed document upload to the MCA or receive a full refund T&C* Are...

ITR Filing Starts Only

File ITR for AY 24-25 before

GST Registration Starts Only

Notification No. 78/2020 – Central Tax: Seeks to notify the number of HSN digits required on tax invoice.

Talk to an Expert: File ITR, GST & Other Business support services: