GST Advisory on Table 12 of GSTR-1/1A
CBIC has come out with GST Advisory on Table 12 of GSTR-1/1A. The GST Portal is rolling out Phase III changes for Table 12 of GSTR-1 & 1A from February 2025 return period.
- Dropdown for HSN Codes: Instead of typing HSN Codes manually, you will now select the correct HSN from Dropdown menu.
- New Button to download HSN/SAC Codes Lists has been added. when you click this button, you can download an excel file containing the uploaded list of HSN and SAC codes for goods and services along with their descriptions.
- The Product names in My HSN Master button is now searchable. You can search for the product description you have saved in your My HSN Master. Once selected, the system will auto feel details like HSN Codes, Descriptions, Unit of Quantity code, Quantity.This feature is optional but makes data entry easier.
Table 12 is now split in to two tabs , one for reporting B2B supplies and another for B2C Supplies.
Validation Introduced: The system will validate the values of supplies and tax amounts reported in both tabs. for now these validations will only show warnings if there are errors, meaning you can still file your GSTR-1 & 1A even if the validation fails.
Downlaod – GST Advisory on Phase III enhancement applicable from Feb-25
