Dewani Ankush & Associates

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GST starting 1st April 2021

E-invoicing is mandatory for businesses with turnover in excess of Rs 50 crores
HSN code reporting has become mandatory - The HSN codes are now mandatory in GSTR-1,
Turnover upto Rs.5 crore: Four-digit HSN
Turnover above Rs.5 crore: Six-digit HSN.
This is effective 1st April 2021.

B2C Dynamic QR code implementation extended till 30th June 21 - The GST law requires that B2C GST invoices must capture a dynamic QR code, now been made applicable from 1st July 2021.
B2C invoices are exempt from e-invoicing.

GST revenue collection for March 2021 set to be highest ever

Wishing a fruitful and prosperous financial year 2021-22 to all!!!