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Changes in Table 12 Format of GSTR 1 Return

Changes in Table 12 Format of GSTR 1 Return

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 with respect to 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


 
From 1st April 2021 onwards, it is mandatory to report a minimum 4 digit or 6 digits of HSN Code in Table-12 of GSTR-1 on the basis of Aggregate Turnover on PAN* in the preceding Financial Year, as mentioned below:

Upto Rs. 5 Crore

  • Minimum 4 digit reporting of HSN Code

  • Mandatory reporting of all B2B supplies & exports (includes supplies made to SEZ units & developers and Deemed Exports)

  • Optional reporting of HSN Code for all B2C supplies

More than Rs. 5 Crore

  • Minimum 6 digit reporting of HSN Code

  • Mandatory reporting of all supplies, including exports (includes supplies made to SEZ units & developers and Deemed Exports



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