GSTN Notifies Implementation of mandatory mentioning of HSN codes in GSTR-1

GSTN Notifies Implementation of mandatory mentioning of HSN codes in GSTR-1 The Goods and Services Tax Network (GSTN) has notifies Implementation of mandatory mentioning of HSN codes in GSTR-1. Vide Notification No. 78/2020 – Central Tax dated 15th October, 2020, it is mandatory for the taxpayers to report minimum 4 digits or 6 digits of HSN Code in Table-12 of GSTR-1 on the basis of their Aggregate Annual Turnover (AATO) in the preceding Financial Year. To facilitate the taxpayers, these changes are being implemented in a phase-wise manner on GST Portal. To facilitate the taxpayers, these changes are being implemented in a phase-wise manner on GST Portal as below: [caption id="attachment_146552" align="aligncenter" width="690"] Phase Wise Manner[/caption] For detailed advisory Download PDF Given Below: