Streamlining GST Compliance: Auto-Population of HSN Summary in GSTR-1

The GSTN has introduced a significant update to enhance the ease of filing returns. As of 9-Apr-2024, taxpayers will benefit from the auto-population of the HSN-wise summary from e-Invoices directly into Table 12 of the GSTR-1 form. This feature aims to simplify the process by:

Auto-Drafting: The HSN data from e-Invoices will be automatically drafted into Table 12, reducing manual data entry and potential errors. Convenience: The auto-populated data is intended to streamline the filing process, making it more efficient for taxpayers.

Verification: Taxpayers are advised to verify the auto-populated data against their records to ensure accuracy before final submission.

Correction: Any discrepancies or errors can be manually corrected within Table 12 prior to submission. This update reflects GSTN’s commitment to improving the tax filing experience and ensuring compliance with ease For more details on this advisory, visit the official GST portal