Missed to fill HSN summary in GSTR-1
This query is : Resolved
10 November 2022
Due to.oversight, I forgot to fill HSN Summary in Table 12 of GSTR-1 of Oct.22. Turnover is above 5 Cr. What can be done now?
09 July 2024
If you have forgotten to fill in the HSN (Harmonized System of Nomenclature) summary in Table 12 of GSTR-1 for October 2022 and your turnover is above 5 Crores, here are the steps you can take to rectify the oversight:
1. **File a Revised GSTR-1**:
- The first step is to file a revised GSTR-1 for October 2022 where you include the HSN summary in Table 12.
- Log in to the GST portal and navigate to the GSTR-1 section.
- Select the applicable tax period (October 2022 in this case) and choose the option to file a revised return.
2. **Enter HSN Summary in Table 12**:
- In the revised GSTR-1, go to Table 12 (HSN-wise summary of outward supplies) and enter the required details:
- HSN codes for each type of goods supplied.
- Quantity of goods supplied for each HSN code.
- Total value and taxable value of goods supplied for each HSN code.
- GST applicable (SGST, CGST, IGST) for each HSN code.
3. **Submit and File the Revised Return**:
- After entering the HSN summary details accurately, review the entire revised GSTR-1 form to ensure all other details are correct and up to date.
- Once verified, proceed to submit the revised GSTR-1 and file it on the GST portal.
4. **Late Fee Consideration**:
- As per GST rules, there may be a late fee applicable for the delayed filing of the HSN summary. The late fee is typically Rs. 50 per day (Rs. 25 under CGST and Rs. 25 under SGST/UTGST) for each return.
- Since October 2022 has passed, calculate the number of days delayed and the corresponding late fee amount. This can be paid along with the filing of the revised GSTR-1.
5. **Monitor Acknowledgement and Payment**:
- After filing the revised GSTR-1 with the HSN summary, monitor the GST portal for acknowledgment of the submission.
- Pay any applicable late fees promptly to avoid further penalties.
**Document and Maintain Records**:
- Keep a record of the revised GSTR-1 filing acknowledgment, payment of late fees (if applicable), and any communications related to the filing.
**Consult with a Tax Professional**:
- If you are unsure about the process or need assistance, consider consulting with a tax professional or GST practitioner who can guide you through the steps and ensure compliance with GST regulations.
By following these steps, you can rectify the oversight of not filling the HSN summary in Table 12 of GSTR-1 for October 2022 and ensure compliance with GST requirements. Prompt action is recommended to minimize any potential penalties and maintain accurate GST filings.
1. **File a Revised GSTR-1**:
- The first step is to file a revised GSTR-1 for October 2022 where you include the HSN summary in Table 12.
- Log in to the GST portal and navigate to the GSTR-1 section.
- Select the applicable tax period (October 2022 in this case) and choose the option to file a revised return.
2. **Enter HSN Summary in Table 12**:
- In the revised GSTR-1, go to Table 12 (HSN-wise summary of outward supplies) and enter the required details:
- HSN codes for each type of goods supplied.
- Quantity of goods supplied for each HSN code.
- Total value and taxable value of goods supplied for each HSN code.
- GST applicable (SGST, CGST, IGST) for each HSN code.
3. **Submit and File the Revised Return**:
- After entering the HSN summary details accurately, review the entire revised GSTR-1 form to ensure all other details are correct and up to date.
- Once verified, proceed to submit the revised GSTR-1 and file it on the GST portal.
4. **Late Fee Consideration**:
- As per GST rules, there may be a late fee applicable for the delayed filing of the HSN summary. The late fee is typically Rs. 50 per day (Rs. 25 under CGST and Rs. 25 under SGST/UTGST) for each return.
- Since October 2022 has passed, calculate the number of days delayed and the corresponding late fee amount. This can be paid along with the filing of the revised GSTR-1.
5. **Monitor Acknowledgement and Payment**:
- After filing the revised GSTR-1 with the HSN summary, monitor the GST portal for acknowledgment of the submission.
- Pay any applicable late fees promptly to avoid further penalties.
**Document and Maintain Records**:
- Keep a record of the revised GSTR-1 filing acknowledgment, payment of late fees (if applicable), and any communications related to the filing.
**Consult with a Tax Professional**:
- If you are unsure about the process or need assistance, consider consulting with a tax professional or GST practitioner who can guide you through the steps and ensure compliance with GST regulations.
By following these steps, you can rectify the oversight of not filling the HSN summary in Table 12 of GSTR-1 for October 2022 and ensure compliance with GST requirements. Prompt action is recommended to minimize any potential penalties and maintain accurate GST filings.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Off Market debit and credit transaction
- Itr 1 processing
- Reporting Income under Section 44ADA
- Showing Gift from relative in ITR for this year
- ITR 1: Details for showing Exempt Income
- Share accounting-->fifo - capital gain - period as per fifo?
- ITR returnFY25-26
- ITR selection for salaries and capital gain less than L
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- ITR 2 Short Term gain & Long term gain
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
