GSTN issues GST Advisory on mandatory mentioning of HSN codes in GSTR-1 & GSTR 1A

GSTN has issued an advisory to ensure the mandatory mentioning of HSN codes in GSTR-1 and GSTR-1A filings. This new requirement is designed to enhance the clarity and accuracy of tax filings, particularly for businesses dealing with a diverse range of goods. HSN codes will help the government track the supply of goods more effectively and ensure proper tax calculation. Businesses are advised to comply with this requirement, as failure to mention correct HSN codes could result in penalties. The initiative also aims to standardize reporting practices across various industries to simplify GST compliance.