HSN Code IN Return

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Praveet

Praveet (Querist)
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20 October 2022 forgot HSN summery entry in GSTR-1, month of Sept-22 Return, what can i do

Aashok Kumar Sharma

Aashok Kumar Sharma

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09 July 2024 If you have forgotten to include the HSN summary entry in your GSTR-1 return for the month of September 2022, you can rectify this by following these steps:

1. **Prepare Correct HSN Summary:** Ensure you have the correct HSN summary ready for the transactions pertaining to September 2022.

2. **Amendment in Subsequent Returns:** You can amend this omission in your subsequent GSTR-1 returns. In the next month's return (October 2022), there is typically a section for amendments or corrections to the previous month's data.

3. **File GSTR-1 for October 2022:** When you file your GSTR-1 for October 2022, include the missed HSN summary details along with any other corrections or amendments that may be necessary.

4. **Late Fee Consideration:** If applicable, consider any late fee or penalty implications for the initial omission. The late fee for late filing of GSTR-1 is Rs. 50 per day (Rs. 25 each for CGST and SGST) subject to a maximum of Rs. 5,000.

5. **Documentation:** Keep proper documentation of the correction made in your records, including any acknowledgments or communications related to the amendment.

**Consult with a GST Expert:** If you have specific concerns or if there are repeated issues with compliance, it may be beneficial to consult with a GST expert or your tax advisor to ensure proper compliance going forward.

By amending the GSTR-1 in the subsequent return and ensuring accuracy in your HSN summary entry, you can rectify the missed entry for September 2022 and maintain compliance with GST regulations.

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