MRR UNBOSOM

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...

  REVISED CRITERIA FOR MSME UDYAM REGISTRATION TURNOVER LIMITS INCREASED FOR MICRO, SMALL AND MEDIUM ENTERPRISES Business enterprises shall be categorized as a micro, small, medium business enterprise on the basis of the following revised criteria. Criteria is reproduced for your information below (i) a micro enterprise , where the investment in plant and machinery or equipment does not exceed (one)   1 crore rupees and turnover does not exceed (five)  5  crore rupees; (ii) a small enterprise , where the investment in plant and machinery or equipment does not exceed (ten)  10   crore rupees and turnover does not exceed (fifty)  50   crore rupees; and (iii) a medium enterprise , where the investment in plant and machinery or equipment does not exceed (fifty)  50   crore rupees and turnover does not exceed (two hundred and fifty)  250  crore rupees. BUILD THE ENTERPRISE OF YOUR DREAMS AT www.udyamregistration.gov.in ...