The GSTN has implemented a significant update to the GST Portal, enhancing compliance through more granular reporting. Table 12 of Form GSTR-1 now features separate sections for HSN-wise reporting of B2B (Business-to-Business) and B2C (Business-to-Consumer) outward supplies. Taxpayers must now enter HSN details for B2B transactions under the new “Add HSN for B2B” section, and separately report B2C transactions in the “Add HSN for B2C” section. This segregation is mandatory across all filing methods, whether through the portal, offline tools, or third-party software. The change aims to improve data accuracy, reduce reconciliation errors, and streamline audit and compliance processes. Businesses are advised to adapt their reporting practices accordingly to avoid discrepancies. By clearly distinguishing between B2B and B2C supply data, the new format supports a more robust and transparent GST system. Ensure your filings reflect this update from the current return period onward.
Source #GST Portal
