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)

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)

18 August 2023 No more issues. Follow 6 digit in future returns...

muthusundar

muthusundar (Querist)

18 August 2023 is there any problem that will create in the future?

RAJA P M

RAJA P M (Expert)

19 August 2023 As of now no issues. But, at the time of filing annual return it will show some difficulties...

Aashok Kumar Sharma online

Aashok Kumar Sharma

(Expert)

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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