In a recent update to the GSTR-1 filing system, a new functionality has been added to “Table 12 – HSN wise summary of outward supplies” specifically aimed at taxpayers who generate e-invoices. This new feature enables taxpayers to directly transfer HSN (Harmonized System of Nomenclature) data from their e-invoices to their GSTR-1 form. The purpose of this enhancement is to simplify the return filing process by minimizing manual data entry requirements. Taxpayers utilizing e-invoicing can now automatically populate the HSN summary in their GSTR-1 with pertinent information from their electronic invoices. This advancement is particularly advantageous for those engaged in B2B (Business-to-Business) transactions, as it significantly reduces the time needed for HSN data entry, eliminating the necessity for manual data input in transactions where e-invoices were generated.
Agree
No Comments