Mandatory Mentioning of HSN Codes in the GSTR-1 | GST Portal Update
The GSTN recently released an advisory regarding the mandatory mentioning of HSN codes in the GSTR-1. This requirement is based on a GST notification released in October 2020. As per the notification, taxpayers will need to mention 4 or 6-digit HSN codes, depending on their turnover. The GST portal is implementing the changes in a phase-wise manner.
In this video, we decode the latest GSTN advisory and explain how you must implement the mandatory mentioning of HSN codes in the GSTR-1.
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The video covers the following:
0:00 Introduction
0:00 Implementation of Mandatory Mentioning of HSN Codes in the GSTR-1
0:00 Clear GST
0:00 Closing
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