Month: December 2023
HSN Code on E-invoices Mandatory for ₹ 5 Crore & More Turnover

HSN Code on E-invoices Mandatory for ₹ 5 Crore & More Turnover

The Goods and Services Tax Network has introduced mandatory rule for taxpayers with an aggregate annual turnover (AATO) of ₹ 5 crore and more in the preceding financial year. They have to now report minimum 6-digit Harmonized System of Nomenclature (HSN) Code on the e-invoices generated. The new update is made compulsory and will come …

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Delhi High Court Judgement: How Cancellation of GST Registration is Treated on Non-filling of GST Returns

Delhi High Court Judgement: How Cancellation of GST Registration is Treated on Non-filling of GST Returns

In a recent legal development, the Delhi High Court delivered a verdict concerning the cancellation of GST registration for Balajee Plastomers Private Limited. The court deemed the cancellation, which was a result of non-compliance in filing GST returns for six months, to be invalid ab initio, indicating that it should not have retroactively applied from …

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