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HSN mandatory

R.SATISH KUMAR (ACCOUNTANT) (110 Points)

14 May 2019

sir,
is HSN mandatory for annual return

thank in advance

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5 Replies

nitin (article) (169 Points)
Replied 14 May 2019

yes. it will be optional for tax payer having annual turnover up to 1.5cr. it will be mandatory to report hsn code at two digit level for taxpayers having annual turnover in the preceding year above 1.5cr but upto 5 cr and at four digits level for taxpayers having annual turnover above 5cr.

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Asiya Begum (Chartered Accountant) (687 Points)
Replied 14 May 2019

If the value of any procurement exceeds 10% of the total value of procurements in a FY, then the HSN wise details shall be mandatorily given in the Annual return for product exceeding 10% of the value.

prasad Nilugal ( GST Practitioner & Accounts ) (14811 Points)
Replied 14 May 2019

HSN code may declared only for those inward supplies whose value independently accounts for 10% or more of the total value of inward supplies and for outward you have mention all in GSTR 9 this as per recommendation 31 st GST council meeting

please confirm

RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 14 May 2019

HSN details in GSTR 9 :

If Turn Over exceeding Rs 1.5cr then it's must as per any supplies exceeds 10% of the total value of supplies in a FY.

If Turn over less than 1.5cr then it's optional. Read the GSTR 9 instructions.

Padmanathan Kv (2127 Points)
Replied 14 May 2019

If Turnover is below 1.5 crore, HSN details are not mandatory it is only optional. If you are disclosing HSN details incase of inward supplies only those supplies exceeding 10% of total inward supplies in a FY need to be disclosed.(However HSN details of all outward supplies need to be disclosed)