While saving HSN Wise summary in Section 12 - 1. I entered my regular HSN Code and related details like I do every time. 2. When I clicked 'add' my entry went away and I got a message saying something like 'your records is being saved'. 3. There was no record displayed for the HSN with the 'save' button. I tried this twice. 4. Assuming that my HSN summary is saved I submitted GSTR1. But, the final GSTR1 does not have Section 12 filled in. Is there some penalty I have to pay now for missing Section 12? Or can I rectify it in my next GSTR1 quarterly filing?
Dear Sir,
In reference to your query, in case the HSN details have been missed out in any GSTR 1, please just ensure to rectify the same in the next to be filed GSTR 1.
There is no specific prescribed penalty for this error, therefore if at all any penalty is levied, the chances of which are negligible, it would be as per general GST provisions.
Please connect in case of any further clarifications.
Thanks & Regards,
CA Aditya Dhanuka.
- You should skip it. Updating it in next qtr will create mismatch for that qtr.
HSN Code is mandatroy requirement as of now. But there is no penalty levied as on date for the same
However you may disclose this HSN Summary in your annual return.
Disclosing it in next month will also result into mismatch during that second months
