We missed mentioning HSN and Invoice details in relevant tables of GSTR-1. What are the consequences and remedies available? There are only 2 sales invoices totalling to 60thousand in the month.
Replies (3)
Quick Summary
If you've missed including HSN and invoice details in your GSTR-1 return, don't panic. While a general penalty of ₹25,000 is possible, it's often unlikely for minor oversights. For missed invoices, you can typically include them in the next month's GSTR-1, declaring the liability along with applicable interest. However, if only the HSN code was omitted, there isn't a direct way to amend this specific detail retrospectively.
General penalty of ₹25k can be imposed by the dept, the chances of which are less. I think it is not possible to amend such transactions. Just ensure to mention HSN code in subsequent returns.
If you forget to mention invoices in return then you can mention this invoices in GSTR-1 of next month & declated liability with interest, But if you forget to mention HSN only then there are no chance to mention.