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More Modern website for Income Tax E-filing

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INCOME TAX E-FILING WEBSITE IS MADE MORE MODERN ACCORDING TO THE PRESENT EXIGENCE Income Tax department executed the more modern website for the utility of public. New Website is now accessible (i.e., from 7th june'2021) by Tax filers. Website looks more refreshing with the navigation superbly simplified to reach any tab easily. All the important tabs been prioritized and placed on the screen to make sure that viewers can find their required tab at one single view without any delay. Modern Income Tax E-filing Website can be accessed with new URL : WWW.INCOMETAX.GOV.IN Website is more focused on few important features like speed for present users, Accuracy at tax information, Convenience of Tax filers, Easy Usability. Each tab arranged on the head screen will navigate you to the sub-tab utilities . Maximum information been arranged on the header taskbar tab so that website viewers can simply find their needed utilities.    Below the Header Taskbar other daily service u...

HSN CODES 4 DIGIT & 6 DIGIT IN GST ELUCIDATION FOR REPORTING ON INVOICE

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Notification No. Twelve/2017-Central Tax dated 28th June 2017, as amended vide Notification No. Seventy Eight/2020 – Central Tax, dated October 15, 2020, mandates taxpayers to declare specified digits,  as follows,  of Harmonised System of Nomenclature (HSN) / Service Accounting Code (SAC) Code on raising of tax invoices, w.e.f. April 1, 2021. 👉 aggregate turnover in preceding financial year is equal to 5 crores or less - 4 digit hsn code to be mentioned   👉  aggregate turnover in preceding financial year is more than 5 crores - 6 digit hsn code to be mentioned  declaration of hsn codes 4/6 digit to be done out of valid codes only. 6 DIGIT HSNs ARE ACCORDING TO AVAILABILITY IN THE CUSTOMS TARIFF WITH CORRESPONDING DESCRITPION OF GOODS AND WILL BE ALLOWED BY GST SITE.  GST HSN Codes are to be considered from Customs Tariff Act, 1975 and are applicable as mentioned,   the number of digits of HSN to be shown on Invoice is specified in Notifica...