·        Registered person with aggregate turnover upto INR 5 Crores during preceding year- Need to mention HSN Code of minimum 4 digits.

·        Registered person with aggregate turnover of more than INR 5 Crores during preceding year- Need to mention HSN Code of minimum 6 digits.

·        Every company shall maintain its accounting in accounting software having feature of recording audit trail for each and every transaction.

·        E-invoicing is made mandatory for taxpayers having aggregate turnover of more than INR 50 crores during any of the preceding year from 2017-18 onwards.

·        MSMEs registered prior to 30th June 2020, there MSME registration shall remain valid only up to 31st March, 2021, i.e., after this date it is mandatory for each and every enterprise to register itself on Udyam portal.

·        PAN and GSTIN shall be mandatory after 31st March, 2021. In case of non-availability of PAN and GSTIN, registration under MSME shall stand discontinued.

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