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Showing posts from September, 2021

GST: Requirement of HSN Code is mandatory w.e.f. 01.04.2021

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  CBIC makes it mandatory to declare HSN Code w.e.f. 01.04.2021 CBIC- Central Board of Indirect Tax and Customs amended its earlier notification regarding the requirement of HSN Code wherein all the businesses who had turnover of  more than one crore fifty lakhs rupees in a year were required to declare the HSN Code. According to the new notification issued by the CBIC dated 15.10.2020, irrespective of the turnover, it is mandatory for all the business owners to declare the HSN code under GST. In this article we will discuss the amendments made with regards to the requirement of the HSN Code for Tax Invoice under GST (Goods and Service). What is HSN Code? HSN is “Harmonized System of Nomenclature”, a 6 digit uniform code that was developed by the World Customs Organization (WCO) which was introduced to classify 5000+ products. The HSN Code came into effect from the year 1988 and is accepted worldwide. The HSN has been introduced so that systematic classification of goods around the wor

Government Fees for FSSAI registration- Explained in detail.

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Government Fees for FSSAI registration- Explained in detail. Food Business Operators in India requires to obtain an FSSAI license / registration to run their Food Business. FSSAI is responsible for promoting and protecting people’s health through the supervision and regulation of food safety in India. To get the FSSAI License / registration, the FBO needs to pay certain amount as fees for FSSAI registration / License which is determined according to kind of Business and also on the criteria of the Business activity. Also, there is different FSSAI registration fees based on the type of the license you need to obtain. In this article we have explained in Detail: The FSSAI Fees structure including the FSSAI license types. What is FSSAI? Food Safety and Standards Authority of India (FSSAI) is a self-governing organization established under the Ministry of Health & Family Welfare, Government of India which works for the food safety and regulations in India. FSSAI was formed under the Fo