GSTN Mandates HSN Codes in GSTR-1
& GSTR 1A from Feb 2025
·
Taxpayers
are required to select the correct HSN code from a predefined drop-down list
·
HSN
summary details of B2B Supplies and B2C Supplies separately under respective
tab.
The GSTN issued
an Advisory dated 22.01.2025, relating to Implementation of mandatory mentioning
of HSN codes in GSTR-1 & GSTR 1A. These update regarding Phase-III implementation
for Table 12 of GSTR-1 and GSTR-1A. These changes apply from the return period of
February 2025 onwards.
Key Changes Introduced
in Phase-III:
A. Mandatory
HSN Selection via Drop-Down
Previously, taxpayers
could manually enter the HSN (Harmonized System of Nomenclature) codes for goods
or services.
Now, taxpayers are
required to select the correct HSN code from a predefined drop-down list, reducing
errors and ensuring consistency.
B. Bifurcation
of Table 12 into B2B and B2C Tabs:
Taxpayers need to
enter HSN summary details of B2B Supplies and B2C Supplies separately under respective
tab.
C. Validation
of Supply and Tax Amounts
Validation checks
have been introduced to ensure the values reported in Table 12 align with tax calculations.
For now, these validations are set to warning mode.
The Complete Advisory
can be accessed at https://tutorial.gst.gov.in/downloads/news/updated_advisory_on_hsn_validation_21.01.25.pdf
Source: GSTN