HSN code in gstr 1
Ajay Mourya (17 Points)
07 September 2018
what limit of turnover require show of hsn code in gstr 1
3 Replies
Vinod Babu
(24191 Points)
Replied 07 September 2018
If the turnover exceeds 1.5 crore then hsn summary is compulsory
Rohit Tibrewal
(Student & Senior Accountant)
(3193 Points)
Replied 07 September 2018
Act is silent as mentioned in provision that, if turnover doesn't exceed 1.5 crore. Supplier doesn't need to mention HSN in Invoice, but silent for GSTR-1 reporting. From this we are presuming the same for GSTR-1.
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 07 September 2018
notification 12/2017 CT , Dr 28/6/17
provides that a registered person having annual turnover in the preceding financial year less than Rs.1 .5 Crore is not required to mention the digits of HSN codes in a tax invoice issued by him. However, in GSTR 1 & 2 he must give the details of stock sold HSN code wise.
So person having turnover up to Rs 1.5 crore may skip HSN codes but they have to provide quantitative details and descripttion of all items sold.
provides that a registered person having annual turnover in the preceding financial year less than Rs.1 .5 Crore is not required to mention the digits of HSN codes in a tax invoice issued by him. However, in GSTR 1 & 2 he must give the details of stock sold HSN code wise.
So person having turnover up to Rs 1.5 crore may skip HSN codes but they have to provide quantitative details and descripttion of all items sold.
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