Quick Summary
The Central Board of Indirect Taxes and Customs, via their official Twitter handle, have made the taxpayers aware of the upcoming changes in Table 12 of GSTR-1 Return. These include changes w.r.t the format and number of digits of HSN Code. The HSN Code changes which were first announced in the 42nd GST Council Meeting will come into effect from 1st April 2021 onwards.
1. Changes in format of GSTR-1 Return
2. Changes in number of digit of HSN Code to be reported
FAQ :
Table 12 of the GSTR-1 Return is undergoing changes regarding the format and the number of digits for the HSN Code.
The changes will come into effect from 1st April 2021.
These changes were announced by the Central Board of Indirect Taxes and Customs via their official Twitter handle.
The changes relate to the format of the HSN Code and the number of digits that need to be reported.
The HSN Code changes were first announced in the 42nd GST Council Meeting.
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