B2C HSN Summary of Table 12 of GSTR 1 is Mandatory or Optional? скачать в хорошем качестве

B2C HSN Summary of Table 12 of GSTR 1 is Mandatory or Optional?

👉Vide notification No. 12/2017-Central Tax dated 28th June, 2017 (as amended by NN 78/2020), a registered person having aggregate turnover up to five crores rupees in the previous financial year may not mention the number of digits of HSN Code, in a tax invoice issued by him under the said rules in respect of supplies made to unregistered persons. So, B2C supplies by a taxpayer whose turnover is upto Rs. 5 crore in the previous financial year has the option not to mention HSN code in his invoice. 👉GSTN vide advisory dated 01st May 2025 has informed taxpayers that Table 12 of GSTR-1/1A is now bifurcated into two tabs, namely, “B2B Supplies” & “B2C Supplies”. Taxpayers need to enter HSN summary details of B2B Supplies and B2C Supplies separately under respective tab. Certain validations have been introduced to match the HSN wise value declared in Table 12 with the values declared in other tables of the return. In case of B2B supplies, the HSN summary is mandatory. 👉In case of B2C supplies, as the HSN code is optional (vide Notification No. 12/2017-Central Tax as amended), the system has not made the B2C table mandatory i.e., system allows the HSN summary to be entered any value/ can be left blank by a taxpayer having aggregate turnover upto Rs. 5 crore in the previous Financial Year. 👨🏻‍🎓FinTaxPro Practical Courses- 📖GST, ITR & TDS (Tax Combo) - https://fintaxpro.in/Combo 📖Tally, Busy & Account Finalization - https://fintaxpro.in/Accounting 📖ROC e Filing - https://fintaxpro.in/courses/roc/ 📖Trademark e Filing Course - https://fintaxpro.in/TM 📖Taxation for Share Market - https://fintaxpro.in/share 📖All in one Combo Course - https://fintaxpro.in/All 📞For Course queries call us at 7827521794 👉PDF to Tally Automation https://fintaxpro.in/suvit 📞For GST Filing, ITR Filing, Trademark Filing, Trademark Reply, Company Incorporation, ROC Compliance, and other related services call us at 7048930220 or 7827521794 👉Email - info@fintaxpro.in 👉Website - https://fintaxpro.in 👉Mobile App - https://bit.ly/3WJ63tX 👉Telegram channel - https://t.me/fintaxpro 👉Social Media - https://linktr.ee/fintaxpro 🔗Buy DSC - https://fintaxpro.in/dsc/ 🔗 Buy Excel GST computation sheet https://imojo.in/jy67ZG 🔗Buy TDS Calculator https://imojo.in/5Jv0gj 🔗Buy amazon profit calculator https://imojo.in/1FkCqbs 🔗Monthly Tax Newsletter - https://fintaxpro.in/newsletter/ ⚠ Disclaimer- Although all provisions, notifications, updates, and live demos are analyzed in-depth by our team before presenting to the public. We hereby provide our point of view only and tax matters are always subject to frequent changes hence advisory is only for the benefit of the general public. Hence neither Fintaxpro Advisory LLP nor its designated partner is liable for any consequence that arises on the basis of YouTube videos. © Copyright Disclosure - As per Sec 52 of The Copyright Act,1957 Fintaxpro Advisory LLP shared this video with a clear objective to educate the public at large and thus constitute the fair dealing with content for the purpose of reporting of current events and current affairs, including the reporting of a lecture delivered in public. ⚠Data Disclosure Policy – FinTaxPro ensures that any client information, such as GSTIN, PAN, and Turnover, displayed in educational videos is shared only with the owner's consent and used strictly for educational purposes. All necessary permissions are obtained before publishing, and robust data protection measures are in place to safeguard the information. ©️Fintaxpro Advisory LLP