In GSTR 1 HSN SUMMARY 4 DIGIT or 6 DIGIT.
This query is : Resolved
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?
18 August 2023
No more issues.
Follow 6 digit in future returns...
18 August 2023
is there any problem that will create in the future?
19 August 2023
As of now no issues.
But, at the time of filing annual return it will show some difficulties...
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.
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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