Quick Summary
Implementation of mandatory mentioning of HSN codes in GSTR-1 As per Notification No. 78/2020 Central Tax dated 15th October, 2020, it is mandatory for the taxpayers to report minimum 4 digit or 6 digit of HSN Code in table-12 of GSTR-I on the basis of their Aggregate Annual Turnover (AATO) in the preceding Financial Year. To facilitate the taxpayers, these changes are being implemented in a phase-wise manner on GST Portal. Part I Part II of Phase 1 has already been implemented from 01st
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FAQ :
Taxpayers with an aggregate annual turnover of up to Rs 5 crore in the preceding financial year are required to report 4-digit HSN codes.
The requirement for taxpayers with up to Rs 5 crore turnover to report 4-digit HSN codes in their GSTR-1 was implemented from November 1st, 2022.
HSN stands for Harmonized System of Nomenclature, an internationally recognised system for classifying goods and services.
The HSN codes must be reported in Table 12 of the GSTR-1.
Yes, the changes for reporting HSN codes in GSTR-1 are being implemented in a phase-wise manner on the GST Portal.
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