Master in Accounts & high court Advocate
9610 Points
Posted on 14 May 2025
From May 2025 onwards, businesses are required to report HSN summary details separately for B2B (Business-to-Business) and B2C (Business-to-Consumer) supplies in Table 12 of GSTR-1/1A. This means you'll need to enter the HSN summary details of B2B supplies and B2C supplies under separate tabs.¹
To ensure compliance, businesses should: - *Update Accounting Systems*: Modify accounting systems to track and report HSN codes separately for B2B and B2C transactions. -
*Train Staff*: Educate accounting teams on the new requirements and ensure they're aware of the changes.
- *Review Invoicing Processes*: Verify that invoices are generated with correct HSN codes and GSTIN information for B2B transactions. By separating HSN summaries for B2B and B2C supplies, businesses can ensure accurate reporting and compliance with GST regulations.²