09 July 2024
If you have forgotten to fill in the HSN (Harmonized System of Nomenclature) summary in Table 12 of GSTR-1 for October 2022 and your turnover is above 5 Crores, here are the steps you can take to rectify the oversight:
1. **File a Revised GSTR-1**: - The first step is to file a revised GSTR-1 for October 2022 where you include the HSN summary in Table 12. - Log in to the GST portal and navigate to the GSTR-1 section. - Select the applicable tax period (October 2022 in this case) and choose the option to file a revised return.
2. **Enter HSN Summary in Table 12**: - In the revised GSTR-1, go to Table 12 (HSN-wise summary of outward supplies) and enter the required details: - HSN codes for each type of goods supplied. - Quantity of goods supplied for each HSN code. - Total value and taxable value of goods supplied for each HSN code. - GST applicable (SGST, CGST, IGST) for each HSN code.
3. **Submit and File the Revised Return**: - After entering the HSN summary details accurately, review the entire revised GSTR-1 form to ensure all other details are correct and up to date. - Once verified, proceed to submit the revised GSTR-1 and file it on the GST portal.
4. **Late Fee Consideration**: - As per GST rules, there may be a late fee applicable for the delayed filing of the HSN summary. The late fee is typically Rs. 50 per day (Rs. 25 under CGST and Rs. 25 under SGST/UTGST) for each return. - Since October 2022 has passed, calculate the number of days delayed and the corresponding late fee amount. This can be paid along with the filing of the revised GSTR-1.
5. **Monitor Acknowledgement and Payment**: - After filing the revised GSTR-1 with the HSN summary, monitor the GST portal for acknowledgment of the submission. - Pay any applicable late fees promptly to avoid further penalties.
**Document and Maintain Records**: - Keep a record of the revised GSTR-1 filing acknowledgment, payment of late fees (if applicable), and any communications related to the filing.
**Consult with a Tax Professional**: - If you are unsure about the process or need assistance, consider consulting with a tax professional or GST practitioner who can guide you through the steps and ensure compliance with GST regulations.
By following these steps, you can rectify the oversight of not filling the HSN summary in Table 12 of GSTR-1 for October 2022 and ensure compliance with GST requirements. Prompt action is recommended to minimize any potential penalties and maintain accurate GST filings.
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