In GSTR 1 HSN SUMMARY 4 DIGIT or 6 DIGIT.

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A company with a turnover of 10 crore mistakenly uploaded their GSTR 1 with a 4-digit HSN summary instead of the required 6 digits. While there are no immediate issues, this error could cause difficulties during the annual return filing. It's crucial to report correct HSN/SAC codes on invoices and returns, as incorrect reporting can lead to penalties of up to 50,000 rupees.

muthusundar

muthusundar (Querist)
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17 August 2023 We are a 10 crore Turnover Company. As per the rule, we have to upload the HSN Summary with 6 digits in GSTR 1, But wrongly we uploaded HSN with 4 digits. What will be the consequences and how to rectify them?

RAJA P M

RAJA P M (Expert)
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18 August 2023 No more issues. Follow 6 digit in future returns...

muthusundar

muthusundar (Querist)
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18 August 2023 is there any problem that will create in the future?

RAJA P M

RAJA P M (Expert)
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19 August 2023 As of now no issues. But, at the time of filing annual return it will show some difficulties...

Aashok Kumar Sharma

Aashok Kumar Sharma

(Expert)
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20 August 2023 1.Every Eligible Taxpayer needs to report correct / complete HSN/SAC Code on Tax Invoices and GSTR-1.
2. Penalty of Rs 50000 ( Rs 25000 under CGST and Rs 25000 under SGST) may be levied for non-mentioning of HSN/SAC or wrong mentioning of HSN/SAC in GST Returns and Tax Invoices.

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