FEATURED BLOGS
HSN Code Finder and GST Rate Finder- Legal Suvidha
by Legal Suvidha
1. What is the HSN Code?
The Harmonized Commodity Description and Coding System generally refers to “Harmonized System of Nomenclature” or simply “HSN”. It is a multipurpose international product nomenclature developed by the World Customs Organization (WCO). It first came into effect in 1988.
2. How does HSN code work?
It has about 5,000 commodity groups, each identified
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Solution for the problem faced by Taxpayers while filing GSTR-1 due to GSTR-6 open due date
by CA Mayank Wadhera
Before explanation of the issue faced by taxpayers due to open due date of GSTR -6 and resolution let us go through the basic requirement of filings and meaning of open due date.
GSTR-1 is the Return of outward Supplies to be filed by the Suppliers of Goods or Services who are registered as a Regular Taxpayer and GSTR-6 is the Return of Input Service Distributor (ISD) to be filed by the Registered ISD taxpayer for distribution of
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GST Group of Ministries and Govt. Officials Panel to Deliberate on Re-introduction of Reverse Charge
by Legal Suvidha
A Group of Ministers (GoM), along with a panel of government officials will meet today to deliberate on bringing back the liability to pay tax on reverse charge mechanism under GST, as a part of a larger plan to curb tax evasion.
In the last meeting, Goods and Services Tax (GST) Council had decided to defer reverse charge mechanism (RCM) till June 30. However, some states have insisted that it should be re-introduced, as it will help t
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