Quick Summary
The Goods and Services Tax Network (GSTN) has introduced a critical update aimed at enhancing data accuracy and simplifying tax compliance for businesses. Table 12 of GSTR-1/1A has now been bifurcated into two distinct sections, mandating separate HSN-wise reporting for Business-to-Business (B2B) and Business-to-Consumer (B2C) outward supplies. This structural change will be effective from the May 2025 tax period, with the GSTR-1/1A filing due in June 2025. Key Update Highlights Table 1
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FAQ :
Table 12 of GSTR-1/1A is being bifurcated, meaning HSN-wise data for Business-to-Business (B2B) and Business-to-Consumer (B2C) outward supplies must now be reported separately.
The new reporting format for Table 12 will be effective from the May 2025 tax period, with the filing due in June 2025.
Yes, this change applies to all businesses filing GSTR-1/1A, regardless of whether they use the GST Portal, offline utilities, or third-party software.
Businesses should update their ERP or accounting software to handle separate B2B and B2C HSN reporting and ensure their internal teams are informed and ready for the new format.
Non-compliance with the new reporting requirements could lead to data mismatches or potential audit issues.
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