GST Compliance Taxpayer compulsory submit the correct HSN codes in GSTR-1: GSTN Advisory

Taxpayer compulsory submit the correct HSN codes in GSTR-1: GSTN Advisory

Taxpayer compulsory submit the correct HSN codes in GSTR-1: GSTN Advisory

GSTN Implements Compulsory mentioning of HSN codes in GSTR-1: GST System Update

  • The GSTN has updated its system to implement mandatory Compulsory mentioning of Harmonized System of Nomenclature codes in GSTR-1
  • GSTN is Compulsory for the GST taxpayers to report minimum 4 digits or 6 digits of Harmonized System of Nomenclature (HSN) Code in Table-12 of GSTR-1 on the basis of their Aggregate Annual Turnover (AATO) in the last FY.
  • GST Taxpayers with Aggregate Annual Turnover of up-to 5 crores are required to mandatorily report 2-digit HSN codes for goods & services.
  • Manual user entry is permitted for entering HSN or description; in this case, a warning or alert message must be shown. But, after manual entry, taxpayers will be allowed to file GSTR-1.
  • GSTN was mentioned that 4-digit HSN codes for Services & Goods must be reported by Taxpayers with Aggregate Annual Turnover more than 5 Crores.
  • The Harmonized System of Nomenclature (HSN) or description may be entered manually by the user, and an error notice or warning will be displayed if the HSN code is entered incorrectly. But after manual entry while GST filers would be allowed to file GSTR-1.

Disclaimer: The content of this post isn't considered to be professional or legal advice, We aren't responsible for any damages arising from your access to the location content & must not be relied on or used as a substitute for legal advice from a lawyer professional in your jurisdiction. CARajput is among India's big digital compliance services platform which committed to helping people have started & developed their businesses. We had started with the goal of creating it easier for start-ups to start out their business. Our main aim is to assist the businessman with applicable laws & regulations compliance and providing support at each & every level to make sure the business stays compliant and growing continuously. For any query, help or feedback you may in touch on singh@carajput.com or Call or what’s-up on 9-555-555-480

Share This Post

Related Articles

Related Videos


E Way Bill: What is E Way Bill 2021 under GST | All About E-Way Bill | E-Way Bill Complete Knowledge.

E Way Bill: What is E Way Bill 2021 under GST | All About E-Way Bill | E-Way Bill Complete Knowledge.

Published On: Dec 08, 2021 | By: RJA

Need help?

Request a call
from a RJA
Business Advisor.

LET'S TALK

Private Limited Company

Popular Categories

Browse Blogs

Recent Posts

Continuous Non-Filling of GSTR-3B can be ground for GST Registration Cancellation

Continuous Non-Filling of GSTR-3B can be ground for GST Registration Cancellation

Tax & Statutory Compliance Calendar for Oct 2022

Tax & Statutory Compliance Calendar for Oct 2022

Key changes in Schedule-III of the Companies Act wef FY 2021-22

Key changes in Schedule-III of the Companies Act wef FY 2021-22

Is Dir 3 KYC date extended for FY 2022?

Is Dir 3 KYC date extended for FY 2022?

Implications on statutory Auditor if mistake in Schedule III Format

Implications on statutory Auditor if mistake in Schedule III Format

Connect with a RJA Advisor

Fields marked with an * are required

Enquire Us

Please send us your query and we feel very happy helping you

Testimonials

  • Thank you very much for all your help in setting up my new company and clearing up all outstanding business in my sole trader accounts. For the first time in years I have peace of mind regards my business accounts. Your workforce are a credit to you, the girls at reception are so helpful and Chris has been brilliant. It is very much appreciated.

    A US consultancy group

  • Rajput Jain & Associates. are a tremendous value added to me as an executive and a busy parent. It just makes sense to delegate my tax file to them -- they are proactive, extremely service oriented, and most importantly, I am completely confident they are finding every dollar of tax savings available to me.

    A Leading Service Provider

  • We use Rajput Jain & Associates for all our accounting, Corporation tax, VAT and other compliance needs. The service is professional, courteous and prompt. I would recommend Rajput Jain & Associates to any company requiring a comprehensive accounting and tax service.

    A Leading Consultancy Firm in Dubai

Money Back Guarantee

Not happy with the service? You can request a refund at anytime within 30 days!

24/7 Support

Get support through phone, email, mobile app or live chat - 24/7, 365 days.

EMI Payment

Easily pay online with EMI payments, credit or debit card, net banking, PayPal and more.

Get In Touch--

Rajput Jain & Associates

Add: P-60, Connaught Circus, Connaught Place, New Delhi-110001

Email: singh@carajput.com

Phone: 9555555480

Legal Disclaimer--

The information contained on this website merely provides details of our firm to persons who have shown interest in knowing more about us and is not intended to solicit work or advertise our capabilities in any manner. The information provided on this website is general in nature and should not be used as a basis of decision-making without further professional advice. The third party site links are only provided for ready reference of the users and CA Rajput Jain & Associates neither controls their content nor undertakes any responsibility regarding them.

© 2016 Rajput Jain & Associates. All Rights Reserved | Sitemap

Call Email