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HSN code News

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With different tax rates being printed against each item even though they are the same HSN Code (for classification of goods under GST), customers are complaining they are charged higher taxes, which is not the case, RAI said.
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Under GST, which is a single tax in place of multiple central and state levies like excise, service tax and VAT, businesses are required to upload on GSTN portal invoices of their trade every month.
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The finance ministry came out with a clarification after reports suggested that some unscrupulous elements posing as GST officers have tried to fleece shopkeepers and customers in the name of GST.
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To clear pre-GST stocks, the government had earlier this week allowed use of dual stickers reflecting the new rate along side the old printed price of a product for three months.






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