Hsn code summary

This query is : Resolved

Rakesh Sharma (Querist)
Follow

28 August 2019 Dear Experts,

Our proprietorship firm has a turnover of Rs. 1.45 Cr. for the period from July-17 to March-17.
But 1.67 Cr. in F.Y. 2017-18.

Should we show HSN Code wise summary of Sales & Purchase in GSTR-9 or we are exempt to show.

Please advise.

CA Premanshu Jaiswal

CA Premanshu Jaiswal (Expert)
Follow

28 August 2019 If your annual turnover in the preceding FY i.e. 2016-17 is less than 1.5 Crs. then you are exempt from declaring the HSN-wise Sales and Purchase.

Rakesh Sharma

Rakesh Sharma (Querist)
Follow

28 August 2019 Sir, is there any source to justify the exemption as department always demand any notification / circular etc.
Regards,

Rakesh Sharma

Upgrade to CAclubindia Pro. Subscribe Now!

CA Premanshu Jaiswal

CA Premanshu Jaiswal (Expert)
Follow

29 August 2019 Please study the FAQ's issued by the Govt. It has been mentioned clearly.