Hsn privacy protector for windows 10 code#
GST: HSN Code for Printing & Advertising Agency Ch We require the GST details daily basis so here We tried to solve the problems. Please suggest ways how can we sound this reasonable and justified situations to the Government for considering this issue and protect the honest Taxpayers.GST rates for printing industries, advertising industries, printing services, printing job work, stationery, and gift items in one place. The Government must look into this situations seriously and immediately and make the ultimate beneficiary liable to pay, not only Governments dues of Tax within a time limit, but also clear off the Tax invoice raised by the (Goods or Service) vendor. The government policy in this regard is absolutely unjustified and open room for evasion. The only recourse is you raise Credit notes ( Another hassle) or file a money suit and invest further time,energy and money fighting your case for recovery for how long ( you don’t know) or perhaps till you die. He not only looses money and profits but also lands up investing in tax payment. If the Vendor has not received his payments, then why Tax should be paid?. (Has the Vendor been made an agent to collect and pay Tax to the Government while the ultimate beneficiary enjoys the goods and services but does not care to clear the payments of the vendor – including the GST) -Its Very annoying and frustrating. Isn’t it then the vendor is at complete loss by investing his money in procurements then providing services, invests further money for paying Tax and often not get paid by the ultimate beneficiary? What’s happening often is, that the vendor invests money to buy products, sell his goods and services to the ultimate buyer/consumer (the ultimate beneficiary), becomes liable to pay tax as soon as he raised the tax invoice, there by investing further to pay tax, but the ultimate beneficiary does not make the payment ( whether in time or not at all). They must make the payments of their vendors invoice too while making the GST payments. One major issue and to me a logical one is that, the onus of paying the GST should be on the end buyer or consumers (the ultimate beneficiary). ‘e-Invoice – IRP – HSN Code related’Ĭompliance is good but Government should simplify methods and must realise all business men are not tax evaders. However, the 4/6 Digit HSN Codes, which are not available in the tariff along with specific description, Unit and GST Rate are not allowed to be mentioned.įurther, if the HSN of any Goods/Service is otherwise valid but not accepted on GST Portal / e-invoice Portal / e-way Bill portal, please raise a ticket on GST Self-Service Portal: > Report Issue > Type ‘HSN’ in ‘Type of Issue/Concern’ search box > Select relevant sub-category, e.g. Similarly, where HSN at 4-digits are specified, valid HSN codes as available in tariff, at 4-digit, 6-digit and 8-digit can be mentioned. 12/2017 & 78/2020 (Central Tax), are the minimum number of digits of HSN to be mentioned on the invoice.Įxample: Where HSN 6 digits are specified to be reported in invoice, valid HSN codes as available in tariff, at both 6-digits and 8-digits can be mentioned. Taxpayers may, therefore note that based on the harmonious interpretation of the Notifications, as referred above, read with Customs Tariff Act, 1975, as made applicable to GST the number of digits of HSN, as specified vide Notifications No. However, there are instances that some taxpayers are trying to report truncated first 6-digits out of an otherwise valid 8-digit HSN which are actually not available in Tariff at 6-digit level and with no corresponding description of goods these are invalid and hence not being allowed in the System. It also follows that the declaration of HSN at 4/6 Digits has to be out of valid HSN codes only. It may be noted that specific 6-digit HSNs, as available in the HSN/Customs Tariff (with corresponding description of goods) are allowed in the system. No.Īggregate Turnover in the preceding Financial Year
78/2020 – Central Tax, dated October 15, 2020, mandates taxpayers to declare specified digits, as follows, of Harmonised System of Nomenclature (HSN) / Service Accounting Code (SAC) Code on raising of tax invoices, w.e.f. 12/2017-Central Tax dated June 28, 2017, as amended vide Notification No. GST helpdesk is in receipt of some tickets at helpdesk wherein it was reported that certain 6-digit HSN codes are not available in HSN Master/ not accepted on e-invoice/e-Way bill portals.īackground: Notification No.
Clarification on reporting 4-digit/6-digit HSNs
0 kommentar(er)
