Tax Expert Highlights Problems in GSTR-1 Filing after new change Roll out:

Tax Expert Highlights Problems in GSTR-1 Filing after new change Roll out The Goods and Services Tax Network (GSTN) brought changes to the GST Portal for GSTR-1 filing, where the Harmonised System of Nomenclature (HSN) is required to be reported separately for Business-to-Business (B2B) transactions and Business-to-Consumer (B2C) transactions in Table 12 of GSTR-1 and GSTR-1A.

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Following this, a tax expert has raised some issues about the issues in the latest GSTR-1 filing. These problems are making it harder for taxpayers and professionals to file returns properly and on time. Here are the issues identified by the tax expert:

• When there are only B2C supplies and no B2B supplies, the GST portal still forces to share B2B-related HSN codes in Table 12.
• When there is no B2B and B2C supply in GSTR-1 but only amendments made to previous B2B invoices, which also reduced B2C sales by the same amount. Therefore, the total supply remains the same, but the GST Portal still asks for B2B HSN codes.

The tax expert also mentioned it is not possible for professionals to raise grievance in each and every specific case. Acknowledge the issue yourselves, issue an Advisory to this regard and waive off GSTR-1 late filing fees! Solution to Problem: CA Abhishek Mittal has provided with the solution to this problem: Put any valid HSN and report value & tax 0.00 and other columns also 0.00 and file return.