17 August 2023
We are a 10 crore Turnover Company. As per the rule, we have to upload the HSN Summary with 6 digits in GSTR 1, But wrongly we uploaded HSN with 4 digits. What will be the consequences and how to rectify them?
20 August 2023
1.Every Eligible Taxpayer needs to report correct / complete HSN/SAC Code on Tax Invoices and GSTR-1. 2. Penalty of Rs 50000 ( Rs 25000 under CGST and Rs 25000 under SGST) may be levied for non-mentioning of HSN/SAC or wrong mentioning of HSN/SAC in GST Returns and Tax Invoices.
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