The Goods and Service Tax Network (GSTN) enabled the Auto-population of Harmonized System of Nomenclature (HSN) description based on HSN code on the GST portal. The taxpayers have to prepare HSN Summary to capture the Correct HSN and Rate. It is mandatory to report a minimum 4 Digit HSN for all taxpayers having turnover upto Rs.5 crores and at least 6 Digit HSN for Taxpayers having Turnover above Rs.5 crores. Moreover, the Rate column has also been introduced.
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