Sir,
is it mandatory to give the HSN code n quantity details if my turnover exceeds 1.5 crores?
HSN wise summary of outward supply is optional for taxpayers having annual turnover upto Rs.1.50 Cr.
It's mandatory to report HSN code at two digits level for taxpayers having annual turnover in the preceding year above Rs. 1.50 Cr but upto Rs.5.00 Cr and at four digits’ level for taxpayers having annual turnover above Rs.5.00 Cr.
UQC details to be furnished only for supply of goods.
Quantity is to be reported net of sale returns.
CAclubindia
