There is a new option available for tax payers regarding the import of HSN (Harmonized System of Nomenclature) data from E-Invoices for GSTR 1 regulation.
This new option allows tax payers to import HSN data into GSTR 1 from the E-Invoices generated. With this feature, tax payers will be able to import all the HSN data for the invoices generated electronically, reducing the need for manual entry. Only the HSN data for invoices not generated electronically would require manual entry.
This option is particularly beneficial for tax payers who have Business-to-Business (B2B) supplies, as it saves their time by automating the process of HSN data entry.
