June 2025 से GSTR-1 भरना होगा मुश्किल | GSTR-1 filing with HSN code | how to add HSN data in GSTR 1

Summary

The video explains significant updates in the GST filing process, specifically focusing on changes in Tables 12 and 13 of GSTR-1. Key updates include the mandatory differentiation between B2B and B2C transactions, requiring HSN code reporting for B2B supplies, and the introduction of a dropdown for HSN code selection. B2C reporting is optional for businesses with turnover below 5 crore. Additionally, Table 13, which tracks issued documents like invoices, is now mandatory. The speaker also promotes CA Guruji's courses, offering training on GST, income tax, and accounting to help professionals advance in their careers.

Takeaways

• 😀 Table 12 now has separate fields for B2B and B2C transactions, with mandatory HSN code reporting for B2B supplies.
• 😀 B2C reporting is optional for businesses with an aggregate turnover up to ₹5 crores, but mandatory for those with higher turnover.
• 😀 HSN codes must be selected from a dropdown menu rather than being manually entered, improving accuracy and ease of use.
• 😀 Users can download a list of HSN codes in Excel format to simplify the identification and selection process.
• 😀 Table 13 has become mandatory, requiring the reporting of all issued documents, including invoices, credit/debit notes, and delivery challans.
• 😀 Reverse Charge Mechanism (RCM) related transactions, including receipts and payment vouchers, also need to be reported in Table 13.
• 😀 Online sellers and businesses using third-party software like Tally are expected to handle B2B and B2C data separately for accurate reporting.
• 😀 If your business has multiple GST numbers under one PAN, you must calculate your aggregate turnover to determine if B2C reporting is optional or mandatory.
• 😀 Businesses with more than ₹5 crores in turnover must report both B2B and B2C transactions, including HSN details for both.
• 😀 For ease, businesses can create a master list of HSN codes for future use, reducing repetitive data entry in subsequent filings.

Q & A

What is the main change introduced in GSTR-1 for Tables 12 and 13?

The main change is the separation of B2B and B2C supplies in Tables 12 and 13, with mandatory reporting of HSN and SAC codes for both categories. For B2B supplies, HSN reporting is mandatory, and for B2C supplies, it depends on the turnover threshold of 5 crores.

What is the new mandatory requirement for Table 12 in GSTR-1?

Table 12 now requires separate reporting for B2B and B2C supplies. For B2B supplies, HSN codes must be reported, and for B2C supplies, it is optional if the business's turnover is up to 5 crores.

How does the turnover threshold impact B2C reporting in GSTR-1?

If a business's aggregate turnover is up to 5 crores, B2C reporting is optional. However, if the turnover exceeds 5 crores, both B2B and B2C reporting are mandatory.

Why has the reporting of HSN codes become mandatory for B2B supplies in GSTR-1?

HSN reporting is mandatory for B2B supplies to provide detailed and consistent tracking of goods and services, ensuring compliance with GST rules.

How has the process of entering HSN codes in GSTR-1 changed?

The process has shifted from manual entry to selecting HSN codes from a drop-down list. This ensures accuracy and consistency in the reporting process.

What should businesses do if they need to report HSN codes but don't have them in their system?

Businesses can download the HSN code list from the GST portal or, if using e-invoices, HSN summaries will be automatically provided. They can also create HSN masters in the GST portal for future use.

What happens if a user tries to leave a mandatory table blank in GSTR-1?

If a mandatory table, such as Table 12 or Table 13, is left blank, a warning message will appear, and the user will not be able to submit the GSTR-1 until the required data is entered.

How does GSTR-1 Table 13 differ from Table 12?

Table 13 requires reporting of document numbers for various types of invoices and supply documents, such as invoices, credit notes, and debit notes. It is mandatory to report these details for both B2B and B2C supplies.

How can businesses use third-party software to simplify GSTR-1 reporting?

Third-party software like Tally can automatically segregate B2B and B2C data, select HSN codes, and populate them into GSTR-1, significantly reducing manual effort and the risk of errors.

What is the significance of Table 13 in GSTR-1 for businesses with a large number of transactions?

Table 13 is crucial for businesses with numerous transactions, as it ensures all invoices and supply documents are reported. This is particularly important for online businesses or those using third-party software for invoicing, as it mandates accurate reporting of all relevant documents.