Hsn code
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
10 August 2017
Is it compulsory to give HSN wise details in GST return for businesses whose turnover is less than 1.5 cr
11 August 2017
As per notification 12/2017, it is not mandatory to mention HSN where turnover is Rs. 1.50 crore.
N Jain
group.blr@gmail.com
N Jain
group.blr@gmail.com
Querist : Anonymous
Querist :
Anonymous
(Querist)
11 August 2017
Sir,but GSTR3 return is showing a table for HSN code wise sales details for the month for filing return.......
28 July 2024
Under GST regulations, the requirement for providing HSN (Harmonized System of Nomenclature) code-wise details in GST returns depends on the turnover of your business. Here’s a detailed breakdown:
### **HSN Code Reporting Requirements:**
1. **Businesses with Turnover Less Than ₹1.5 Crore:**
- **HSN Code Reporting:** For businesses with an aggregate turnover of less than ₹1.5 crore, the requirement to provide HSN code-wise details is generally not mandatory in GST returns. These businesses typically need to provide HSN codes at a more summarized level.
- **GSTR-1:**
- For businesses with turnover below ₹1.5 crore, there is no need to provide HSN code-wise details in GSTR-1. You can summarize your sales without breaking them down by HSN code.
- **GSTR-3B:**
- In GSTR-3B, you are required to provide aggregate sales figures and tax liability. HSN code-wise reporting is not mandated for businesses with turnover below ₹1.5 crore.
2. **Businesses with Turnover Above ₹1.5 Crore:**
- **HSN Code Reporting:** For businesses with an aggregate turnover of ₹1.5 crore or more, detailed HSN code-wise reporting is required.
- **GSTR-1:**
- Businesses with turnover above ₹1.5 crore must provide HSN code-wise details for their sales and purchases in GSTR-1.
- **GSTR-3B:**
- HSN code-wise reporting is also required in GSTR-3B for such businesses, where they need to detail their sales and purchases by HSN code.
### **Practical Considerations:**
- **GSTR-1 Table for HSN Codes:**
- GSTR-1 does have a table for HSN code-wise details, and while businesses with turnover below ₹1.5 crore are not required to fill this table, the GST system may still display it. Businesses should verify whether they need to fill this section based on their specific turnover and GST compliance requirements.
- **System-Generated Returns:**
- GST return forms may include sections for HSN codes even for smaller businesses. It's important to check if the system or your accounting software has pre-filled these details or if they need to be provided.
### **Summary:**
- **Turnover Less Than ₹1.5 Crore:**
- HSN code-wise reporting is not mandatory.
- GSTR-1 and GSTR-3B may not require detailed HSN code-wise breakdown.
- **Turnover Above ₹1.5 Crore:**
- Detailed HSN code-wise reporting is required in GSTR-1 and GSTR-3B.
If you are unsure or your return form requires HSN details even if your turnover is below ₹1.5 crore, it’s advisable to consult with a GST practitioner or accountant to ensure compliance with the latest regulations and to handle any system-specific requirements accurately.
### **HSN Code Reporting Requirements:**
1. **Businesses with Turnover Less Than ₹1.5 Crore:**
- **HSN Code Reporting:** For businesses with an aggregate turnover of less than ₹1.5 crore, the requirement to provide HSN code-wise details is generally not mandatory in GST returns. These businesses typically need to provide HSN codes at a more summarized level.
- **GSTR-1:**
- For businesses with turnover below ₹1.5 crore, there is no need to provide HSN code-wise details in GSTR-1. You can summarize your sales without breaking them down by HSN code.
- **GSTR-3B:**
- In GSTR-3B, you are required to provide aggregate sales figures and tax liability. HSN code-wise reporting is not mandated for businesses with turnover below ₹1.5 crore.
2. **Businesses with Turnover Above ₹1.5 Crore:**
- **HSN Code Reporting:** For businesses with an aggregate turnover of ₹1.5 crore or more, detailed HSN code-wise reporting is required.
- **GSTR-1:**
- Businesses with turnover above ₹1.5 crore must provide HSN code-wise details for their sales and purchases in GSTR-1.
- **GSTR-3B:**
- HSN code-wise reporting is also required in GSTR-3B for such businesses, where they need to detail their sales and purchases by HSN code.
### **Practical Considerations:**
- **GSTR-1 Table for HSN Codes:**
- GSTR-1 does have a table for HSN code-wise details, and while businesses with turnover below ₹1.5 crore are not required to fill this table, the GST system may still display it. Businesses should verify whether they need to fill this section based on their specific turnover and GST compliance requirements.
- **System-Generated Returns:**
- GST return forms may include sections for HSN codes even for smaller businesses. It's important to check if the system or your accounting software has pre-filled these details or if they need to be provided.
### **Summary:**
- **Turnover Less Than ₹1.5 Crore:**
- HSN code-wise reporting is not mandatory.
- GSTR-1 and GSTR-3B may not require detailed HSN code-wise breakdown.
- **Turnover Above ₹1.5 Crore:**
- Detailed HSN code-wise reporting is required in GSTR-1 and GSTR-3B.
If you are unsure or your return form requires HSN details even if your turnover is below ₹1.5 crore, it’s advisable to consult with a GST practitioner or accountant to ensure compliance with the latest regulations and to handle any system-specific requirements accurately.
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