Implementation of GST HSN Validation in E-Way Bill from 1st February 2024
According to the latest GST E-Way Bill Advisory, the e-way bill system will incorporate HSN validation effective February 1st February 2024, specifically targeting business-to-business (B2B) and business-to-export (B2E) transactions. The validation will introduce a 6-digit HSN code for businesses with an Annual Aggregate Turnover exceeding Rs. 5 Crores and a 4-digit HSN for turnovers up […]
Know all about GST Registration in India
Introduction: Goods and Services Tax (GST) is a comprehensive tax levied on the supply of goods and services in India. It is a single tax system that has replaced multiple taxes such as VAT, Service Tax, and Excise Duty, making the indirect tax structure in the country simpler. However, understanding and calculating GST can be […]