https://www.taxtmi.com/article/detailed?id=9730 From 1 April 2021, issuance of E-Invoice is mandatory for registered persons exceeding the prescribed aggregate turnover threshold, with e-invoicing linked to Form GSTR-1 reporting. Mandatory quoting of HSN/SAC codes on invoices is required according to turnover-linked digit thresholds and must be reported in GSTR-1 Table 12; incorrect or missing HSN/SAC may attract a statutory penalty. Aggregate turnover is computed on an all India basis including taxable, exempt, export and inter State supplies, excluding GST components and reverse charge inward supplies. Timelines are prescribed for opting into the Composition Scheme, claiming refunds within the statutory period, and filing annual returns, with GSTR-9 now allowed on a self certification basis and the audited reconciliation requirement removed. en-us Thu, 01 Apr 2021 08:41:40 +0530 Thu, 01 Apr 2021 08:41:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=9730 From 1 April 2021, issuance of E-Invoice is mandatory for registered persons exceeding the prescribed aggregate turnover threshold, with e-invoicing linked to Form GSTR-1 reporting. Mandatory quoting of HSN/SAC codes on invoices is required according to turnover-linked digit thresholds and must be reported in GSTR-1 Table 12; incorrect or missing HSN/SAC may attract a statutory penalty. Aggregate turnover is computed on an all India basis including taxable, exempt, export and inter State supplies, excluding GST components and reverse charge inward supplies. Timelines are prescribed for opting into the Composition Scheme, claiming refunds within the statutory period, and filing annual returns, with GSTR-9 now allowed on a self certification basis and the audited reconciliation requirement removed. Articles Goods and Services Tax - GST Thu, 01 Apr 2021 08:41:40 +0530 https://www.taxtmi.com/article/detailed?id=9730