Yes, Table 12 (HSN-wise summary) in GSTR-1 is mandatory for reporting outward supplies based on turnover, with 4 to 6-digit HSN codes required. Effective May 2025, Table 12 is split into B2B (mandatory) and B2C (optional) sections. If you have no B2B sales, a dummy entry in Table 12A (B2B) may be required to avoid filing errors.
A new section called Table 13 is now mandatory. In this section, businesses need to report a summary of all documents issued during the month, such as: Tax invoices. Credit notes.
Separate Reporting for B2B and B2C Supplies: Table-12 has now been bifurcated into two distinct sections – B2B and B2C – allowing taxpayers to report the HSN-wise summary of supplies separately under each category. Mandatory Selection of HSN from Dropdown: Manual entry of HSN codes will no longer be permitted.
GSTR-1 for different businesses. There are 13 tables and sections under GSTR 1. While each one is meant to capture a particular aspect of sales and outward supplies made under GST, not all of them are mandatory for every business (except for tables 1, 2, 3, 12 and 13 which are mandatory for all businesses).
GSTR1/1A – From May 2025, HSN Summary of GSTR-1/ GSTR 1A requires mandatory reporting of 4-digit HSN codes for taxpayers up to ₹5 cr turnover and 6-digit HSN codes for those above ₹5 cr and these HSN codes need to be listed in the Master present on GSTN portal.
GSTR-1 HSN summary rules clarified: B2B HSN entry in Table 12 is now mandatory and validated by GSTN. For B2C, taxpayers with turnover up to ₹5 crore can leave HSN blank. Separate tabs for B2B and B2C simplify filing and reduce errors.
The shift to a two-slab system of 5% and 18%, removing the earlier 12% and 28% rates, will make taxation more transparent and easier to follow. At the same time, a 40% on luxury and sin goods such as pan masala, tobacco, aerated drinks, high-end cars, yachts, and private aircraft ensures fairness and revenue balance.
For Table 14 (a) – The supplier is compulsory to report in this section a summary of supplies made through ECO, characterized by ECO-GSTIN, on which ECO is obligated to collect Tax at Source (TCS). Any liabilities already described in tables 4 to 10 of GSTR-1 must also be included.
GSTR- 1 has to be filed electronically by every registered person other than Suppliers of online information and database access or retrieval (OIDAR) services or an Input Service Distributor or a non-resident taxable person or a person paying tax under composition levy or persons liable to collect TCS or persons liable ...
A taxpayer who needs to amend any supply record furnished in GSTR 1 or need to add any supply record of same tax period, the same can be done through GSTR 1A in the same month after filing of GSTR-1 and before filing of GSTR-3B.
One such common mistake is reflecting wrong details under zero-rated supplies and deemed exports. Such mistake of mentioning details of outward supplies under the wrong head should be avoided while filing a GSTR-1 return.
Chartered Accountant Deep Koradia says: “GSTN has changed the GSTR-1 form and now separate reporting B2B supply and B2C Supply in HSN summary is required. It's mandatory to report GSTR-1 B2B supply invoice details and its corresponding HSN codes from the May 2025 tax period. B2C supply details are optional for now.
A late fee is charged when GSTR 1 is not filed within the due date. The fee is ₹50 per day, split as ₹25 CGST and ₹25 SGST, in cases where there is taxable turnover, and ₹20 per day for nil returns.
(1) Any person required to deduct tax in accordance with the provisions of section 51 or a person required to collect tax at source in accordance with the provisions of section 52 shall electronically submit an application, duly signed or verified through electronic verification code, in FORM GST REG-07 for the grant ...
Exports are now strictly classified under B2C. This change aims to streamline HSN-wise data validation and reduce mismatches in GST returns.
Yes, separate HSN details for B2B and B2C supplies must be disclosed in Table 12 of GSTR-1, and real-time validations will check for consistency. Yes, if your accounting software is integrated with the GST portal, it can auto-populate HSN codes from your product master data into GSTR-1.
Types of GST in India
CGST (Central Goods and Services Tax) SGST (State Goods and Services. IGST (Integrated Goods and Services Tax) UTGST (Union Territory Goods and Services Tax)
The supplier has to report invoice-wise sales subject to RCM in his GSTR-1. The supplier has to report the same in table 4B of GSTR-1 (Outward supplies attracting tax on reverse charge basis). The recipient has to report the summary of purchases attracting reverse charge.
For any standard-rated supplies of goods or services that you make on or after 1 Jan 2024, you must charge GST at 9%. For instance, if you issue an invoice and receive payments for your supply on or after 1 Jan 2024, you must account for GST at 9%.
Table 14(b) sale details pertain to those that are reported and paid taxes thereon by e-commerce operator u/s 9(5). 14A. Amendment to sales of earlier tax period made through e-commerce operators on which they must collect TCS under Section 52 or pay tax under Section 9(5), to be reported by the supplier.
Yes, HSN codes are required, but small businesses with turnover below ₹5 crore are exempt from using them in B2C transactions.
IRAS mandate
IRAS has announced that businesses applying for voluntary GST registration will need to use an InvoiceNow-ready solution to send invoice data to IRAS through the InvoiceNow network. There are also plans to progressively extend this requirement to other GST registered businesses.
However the authorities may argue that Finance Act, 2025 + notifications+ portal readyness is sufficient to place IMS mandatory from 01/10/2025. An element of risk is involved, if it is not followed, despite Rule 60 is yet to be amended.
2022, Works contract services provided to Central and State Government, or Local Authorities, which were earlier eligible for concessional rate of 12% GST,would attract GST at the rate of 18% in view of amendment carried out in notification No. 11/2017- Central Tax (Rate) vide notification No.
Several major income tax changes are scheduled to take effect from April 1, 2025. These revisions include changes to tax slabs and the implementation of a rebate up to Rs. 60,000.