When we refer relevant notifications, we can consider that above clarifications are not as per law. So, you are requested to please ask the GSTN to make necessary changes in the reporting of HSN Codes in GSTR-1 and not to issue any clarification which is not as per law.
05.04.2021: Through the official twitter handle, CBIC has re-reminded about four new changes in GST.
HSN stands for Harmonised System Nomenclature is a code used for classifying the goods under GST Act. It is an internationally standardized system of names and numbers used to systematically classify goods all over the world. HSN is an 8-digit code.
While taking ITC on purchases and other expenses, kindly verify that supplier has mentioned HSN/ SAC code in invoice as required. If HSN/ SAC Code is not mentioned in invoice, then ITC will not be available.
HSN Codes with GST Rates (as on 30/06/2020). Goods which are not specified in table below have IGST tax rate of 18%.
GSTN has recently twitted about some upcoming changes in GSTR-1 which are as under:
1. Column “Total Value” to be removed from Table-12 (HSN wise summary of outward supplies) of Form GSTR-1.
2. A new entry “Rate of Tax” to be inserted in place of Column “Total Value”. Thus, HSN code to be reported Rate Wise.
3. Changes in reporting of number of digit of HSN code as per Notification No. 78/2020- Central Tax and 79/2020- Central Tax Dated 15/10/2020.
