My client is in chemical business. He has few repairs & maintenance bills during FY 2018-19. Each bill has 10-12 items with different HSN codes, different UQCs. He had shown these bills under Repairs & maintenance in P&L debiting total net amount and GST to duties & taxes. Then how to record these bills for HSN wise summary of Inward supplies?
12 February 2020
HSN wise summary of inward supplies in Form GSTR‐9 are required to be declared only for those inward supplies which in value independently account for 10 % or more of the total value of inward supplies.
13 February 2020
Sir / Madam, Earlier the instructions were no so clear hence most of the business owners didnt maintain hsn wise code data hence... the difficulty has arisen. Where goods are purchased, then proper accounting entries of goods purchased are passed. But where, as stated in my query, the bill contains hsn wise code line items but the amount is debited for repairs & maintenance or like then there is this difficulty i.e. total of 10 hsnwise line items (few different hsn codes) under one expense head of Repairs & maintenance. Any further guidance..? Thanks & Regards, Suraj
CAclubindia
