GSTR-1 Table-12 upcoming GST Portal changes

  • Home
  • GSTR-1 Table-12 upcoming GST Portal changes

Team Studycafe | Mar 4, 2021 | Views 619957

GSTR-1 Table-12 upcoming GST Portal changes

Upcoming changes in Table-12 format of GSTR-1 Return are:

1. Changes in the format of GSTR-1 Return
2. Changes in the number of digit of the HSN Code to be reported

Changes in the number of digit of the HSN Code yo be reported

From 1st April 2021 onwards, it is mandatory to report a minimum 4 digit or 6 digits of HSN Code in Table-12 of GSTR-1 on the basis of Aggregate Turnover on PAN* in the preceding Financial Year, as mentioned below:

Upto Rs. 5 Crore

  • Minimum 4 digit* reporting of HSN Code
  • Mandatory reporting of all B2B supplies & exports (includes supplies made to SEZ units & developers and Deemed Exports)
  • Optional reporting *** of HSN Code for all B2C supplies

More than Rs. 5 Crore

  • Minimum 6 digit*** reporting of HSN Code
  • Mandatory reporting of all supplies, including exports (includes supplies made to SEZ units & developers and Deemed Exports)

*Refer Notification No. 78 and 79/2020- Central Tax both dated 15th October, 2020.

*Optional reporting at 6 or 8 digits permitted.

**Optional reporting at 8 digits permitted.

***Minimum 4 digit of HSN Code to be reported in case of optional reporting in such cases.



Join Studycafe whatsApp Group

Leave a Reply

Your email address will not be published. Required fields are marked *