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HSN code

HSN Code: HSN stands for Harmonized System of Nomenclature. HSN was established and industrialized by the WCO (World Customs Organization) in 1988. Since then, five revisions have already been made worldwide. GST HSN code states more than 5000 goods and is primarily practised by more than 150 countries. This 6-digit HSN code can be utilized to classify more than five thousand commodities and is further applied for tax objectives classification. 

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HSN Code

HSN stands for Harmonized System of Nomenclature. HSN was established and industrialized by the WCO (World Customs Organization) in 1988. Since then, five revisions have already been made worldwide. GST HSN code states more than 5000 goods and is primarily practised by more than 150 countries. This 6-digit HSN code can be utilized to classify more than five thousand commodities and is further applied for tax objectives classification. 

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GSTR-2A, 

GSTR-2A: GSTR-2A is a monthly return that is automatically generated by the GST portal on the basis of the purchase details (i.e., outward supplies) reported by your suppliers in their GSTR-1 returns. It provides you with a summary of all the inward supplies that you have received during the month, along with the details of the GST liability on those supplies.

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GSTR 2A

GSTR 2A is an auto-populated GST Return that takes the information from the filed GSTR 1 of the seller.

GSTR 2A shows the information regarding the purchased good and/or services from the supplier.

Moreover, the data in GSTR 2A will be available on the GST Portal as soon as your supplier files his GSTR 1. In addition to this, you are required to verify it before filing your GSTR 3B.

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GST returns: A guide to GSTR-3B, GSTR-1, GSTR-6, GSTR-9, GSTR-9C, GSTR-07, and GST software

GST returns are an essential part of the GST system. By filing their returns correctly and on time, taxpayers can help to ensure that the GST system is fair and efficient.

Here is a brief overview of the different GST returns that taxpayers need to file, along with some tips for filing each return:

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GSTR 9C

GSTR 9C is a statement that reconciles the figures filed in GSTR 9 Annual return vis-à-vis figures mentioned in audited annual financial statements. It has to be submitted by every registered person, who is required to get his accounts audited under the GST Act

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GSTR-3B

GSTR 3B: GST law finally came into existence with effect from July 1st, 2017. However, anticipating the lack of IT infrastructure preparedness and to calm the initial taxpayer anxieties, the union finance minister Mr. Arun Jaitley on June 18th, 2017 announced that the GST return filing requirements have been relaxed for the first two months. Therefore, through a government notification,

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E-way Bill Distance, Software, and API

The e way bill is an electronic document that is mandatory for the movement of goods in India. It is used to track the movement of goods and to prevent tax evasion. The distance between the origin and destination of the goods is one of the factors that determines the validity of the e-way bill.

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eway bill distance

Masters India, a leading GST Suvidha Provider (GSP) offers GST & E-Way Bill Solutions - GST API, GST Number Verification API, EWay Bill  distance API, GST Return Filing & Reconciliation Solution and E-Way Bill Automation Solution for small and large enterprises in India. We are delivering innovative GST solutions with world class user experience and unparalleled end-to-end execution, so businesses can focus valuable resources on vital business operations