Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>Central Goods and Services Tax Act: Twelfth Amendment Rules 2020 Updates HSN Codes, Nil Returns, and Audit Requirements.</h1> The Central Government, under the Central Goods and Services Tax Act, 2017, has issued the Twelveth Amendment Rules, 2020. Key changes include modifications to Rule 46 regarding the Harmonised System of Nomenclature (HSN) code requirements for registered persons, allowing Nil returns to be filed via SMS under Rule 67A, and mandating audits for entities with turnovers exceeding five crore rupees for specific financial years. The amendment also updates various forms such as GSTR-1, GSTR-2A, GSTR-5, and others, adjusting reporting requirements and instructions for the financial years 2017-18, 2018-19, and 2019-20.