Reetu | Mar 4, 2021 |
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
More than Rs. 5 Crore
*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.
Upcoming changes in Table-12 format of GSTR-1 Return
1. Changes in format of GSTR-1 Return
2. Changes in number of digit of HSN Code to be reported pic.twitter.com/rQ8coKrOg6— Study Cafe (@studycafe_in) March 4, 2021
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