How to Report 6% rate in GSTR-1

How to Report  6% rate in GSTR-1

On 10-May-2022, the GSTN issued an advisory regarding reporting of taxable value chargeable at 6%. The advisory is reproduced as under:


    1. A new tax rate of 6% IGST or 3% CGST+ 3% SGST has been introduced on certain goods vide Notification No. 02/2022 dated 31st March 2022. Changes are being made on the GST portal to include this rate in GSTR-1. As a temporary measure, taxpayers who have to report goods at this rate may do so by reporting the entries in the 5% heading and then manually increasing the system computed tax amount to 6%. This can be done by entering the value in the ‘Taxable value’ column next to 5% tax-rate and then increasing the system computed tax-amount to 6% IGST or 3% CGST + 3% SGST in the ‘Amount of Tax’ column under the relevant Table, namely B2B, B2C or Export, as applicable. This will ensure that correct tax amount is reported in GSTR-1. Meanwhile, this rate will be made available on the GST portal shortly.
    2. GSTN regrets any inconvenience caused in this regard.


The above advisory is explained as Follows. Suppose the taxpayer has issued an invoice of Rs. 20,000 by charging GST at 6% (3% CGST and 3% SGST) then the tax would be Rs. 1,200/- (Rs. 600 each). Now in such case, the amount is required to reported in 5% column and the value of the tax has to be increased manually. (Please refer following screenshot)


[ Published on: 11-05-2022 ]