We would like to bring to your notice that we have released a new version of BDO EnableGST 1.50.2 with the following two updates:
- BDO EnableGST has updated the HSN data validation in GSTR1 return filing process from May 2021 onwards.
The update is as follows:- Minimum 6 digits HSN code will be required for GSTINs with Annual Turnover greater than 5 Crores and minimum 4 digits HSN code required for GSTINs with Annual Turnover less than 5 Crores (Annual Turnover of previous year). This can be updated in the Company & Location master configuration in BDO EnableGST by the Client Admin. This will be validated on Outward data upload
- Grouping of HSN based on combination of ‘HSN’, ‘UQC’ and ‘Tax Rate’ from May 2021 onwards for saving data to GSTR-1. This will be automatically handled by BDO EnableGST
- New ‘Validate HSN Summary’ API is introduced which will be called before doing GSTR1 ‘Submit’. This new API checks if the HSN data is correctly given or not; if this API gives an error, the same will be shown to the user and Submit GSTR-1 will not be executed. The user will have to update the correct HSN code with 4 or 6 digits as per their Annual Turnover to proceed with GSTR1 ‘Submit’
- In reconciliation of Inward vs GSTR2A, new amended flag is given to those invoices against which amendment invoices were raised and reflected in GSTR2A
