Changes in GSTR 1 Reporting from 1. April.2021

NN 78/2020

This notification changes the requirement of HSN wise reporting which is reported in GSTR 1. HSN requirement are regulated by NN 12/2018, however there are several changes in HSN wise requirement from 1st April 2021 due to NN 78/2020 dated 15. Oct.2020

HSN requirement till 31st March 2021 as per NN 12/2017

TurnoverHSN Number to be mention on invoice
Up to 1 croreNil
1Crore to 5 Crore2 Digits
More than 5 crores4 Digits

However, the above requirement of HSN is going to be change with effect from 1. April.2021 via NN 78/2020 as follows-

TurnoverHSN Number to be mention on invoice
Up to 5 Crore4 Digits
More than 5 Crore6 Digits

Below is the complete NN 78/2020 dated 15th Oct 2021

In exercise of the powers conferred by the first proviso to rule 46 of the Central Goods and Services Tax Rules, 2017, the Central Board of Indirect Taxes and Customs, on the recommendations of the Council, hereby makes the following amendment in the notification of the Government of India in the Ministry of Finance (Department of Revenue), No.12/2017 – Central Tax, dated the 28th June, 2017, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R. 660(E), dated the 28th June, 2017, namely:–

In the said notification, with effect from the 01st day of April, 2021, for the Table, the following shall be substituted, namely, –

―Table Serial Number (1)Aggregate Turnover in the preceding Financial Year (2)Number of Digits of Harmonised System of Nomenclature Code (HSN Code) (3)
1.Up to rupees five crores4
2.more than rupees five crores6

Watch this video for detail analysis

Hence Every Taxpayer need to file table 12 (HSN wise summary) for all supplies including B2B, export and B2C supplies. Also, there are certain changes in table 12 of GSTR 1. Now instead of “Total Value” taxpayer need to report “Rate of Tax”.


-Team Fintaxpro

2 thoughts on “Changes in GSTR 1 Reporting from 1. April.2021”

  1. Is this course is pre recorded?
    Any Study Materials ?
    We will get any certificate after completing the course?

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