GST returns: Experts say new HSN code and invoice reporting rules to curb tax leakages and improve filing accuracy

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With GST returns for May 2025 onwards, businesses must now mandatorily pick HSN codes from a system list and report the complete invoice series. Experts say this move will curb tax leakages, prevent backdated billing, and bring uniformity in return filings.

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GST returns: Experts say new HSN code and invoice reporting rules to curb tax leakages and improve filing accuracy

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