To ensure accuracy and consistency in GST compliance, GSTN has decided to implement phase III of mandatory HSN code reporting from next month. Experts say that this change will enable GSTN to ...
If such will not match then the GST portal gives red marks ... "The selection of the HSN Code from a drop-down list will now bring uniformity in the reporting data. The GSTIN has also introduced ...
For example, at present the GST Secretariat mandates that taxpayers report a minimum of 4 or 6 digits of the HSN code in their returns, based on their aggregate annual turnover in the preceding year.