Quick Summary
Vide Notification No. 78/2020 - Central Tax dated 15th October, 2020, it is mandatory for the taxpayers to report minimum 4 digits or 6 digits of HSN Code in Table-12 of GSTR-1 on the basis of their Aggregate Annual Turnover (AATO) in the preceding Financial Year. To facilitate the taxpayers,
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FAQ :
Taxpayers must now report a minimum of 4 or 6 digits of the HSN Code in Table-12 of their GSTR-1.
The number of digits required (4 or 6) is based on the taxpayer's Aggregate Annual Turnover in the preceding Financial Year.
These changes were announced via Notification No. 78/2020 - Central Tax, dated 15th October, 2020.
The implementation is being carried out in a phase-wise manner on the GST Portal to help taxpayers adapt.
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