- GSTN has updated the GST Portal for better compliance
- Table 12 of Form GSTR-1 now has separate sections for HSN reporting
- B2B transactions require HSN details in the Add HSN for B2B section
- B2C transactions must be reported in the Add HSN for B2C section
- This segregation is mandatory for all filing methods
- The update aims to improve data accuracy and reduce errors
- Businesses should adapt reporting practices to avoid discrepancies
- The new format enhances the GST system’s transparency and robustness
- Ensure filings reflect this update from the current return period onward
Source: a2ztaxcorp.net
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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