The Goods and Services Tax Network (GSTN) on October 22, 2022, issued a notification referring to Notification No. 78/2020 – Central Tax dated October 15, 2020, it is mandatory for taxpayers to report a minimum 4-digit or 6 digits HSN Code in table-12 of GSTR-I on the basis of their Aggregate Annual Turnover (AATO) in the preceding Financial Year. To facilitate the taxpayers, these changes are being implemented phase-wise on GST Portal.
Part I and II of Phase 1 have already been implemented from April 01, 2022, and August 01, 2022, respectively, and are currently live on GST Portal.
From November 01, 2022, Phase-2 would be implemented on GST Portal, and taxpayers with up to Rs 5 crore turnover would be required to report 4-digit HSN codes in their GSTR-1.
The detailed advisory for implementation of mandatory mentioning of HSN codes in GSTR-1 is attached here.
