The new GSTR 1 HSN summary table will now take effect from May'21 Return, not from April'21 return.
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Namaskar!
Yes! You have read the Subject of the Email correctly.
However, there are still some business people who would like to know what will change from it. The information for such people is as follows:
From May 2021
- Uniqueness criteria for HSN Summary now are HSN, Description & UQC. But from May 2021, onwards, it will be HSN, UQC & Rate.
- The description is not applicable for GSTR1 HSN as they will auto-populate it based on HSN.
- Column Rate will be introduced & mandatory for GSTR 1 HSN.
- The value will be non-mandatory & not required by GSTN for GSTR1 HSN.
Existing Table
Forthcoming Table
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