Taxvala

                             HSN code on invoices from 1 st  April Basis on the aggregate turnover in the previous financial year, the larger businesses are required to capture the 6-digit HSN code and 4 digits for the smaller businesses. Businesses whose aggregate Turnover in the preceding financial year is more than 5 crores are required to mention the HSN code at a 6-digit level. Businesses with aggregate turnover of up to 5 crores are required to capture 4-digit HSN code.   Aggregate Turnover in the preceding Financial Year Number of Digits of HSN Code Up to 5 crores 4 digits Exceeding 5 Crores 6 Digits         Types of invoices on which HSN code is mandatory Now, the next question is that, should it be mentioned on all the types of invoices or only on B2B invoices? To answer, there are different guid...

                       Date for filing application for revocation of                          cancellation of registration extended 1. In view of the notification 34/2021 -Central dated 29th Aug 2021, where the due date of filing  of application     for revocation of cancellation of registration falls between  1st March, 2020 to  31st August, 2021, the time      limit for filing of application for revocation of cancellation of      registration is extended to 30th September, 2021. 2. The benefit of said notification is extended to all the cases where cancellation of registration      has been done under clause (b) or  clause (c) of sub-section (2) of section 29 of the CGST      Act, 2017  and where the due date of filing of application for revocation of cancellation of...