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HSN of inwards vs GSTR 9 Return

LAKSHMI KANTH (TAX CONSULTANT) (449 Points)

25 May 2019

I am exempted for reporting HSN for outward supply since my t/o is less than rs. 1.5crores.
and for inward, since i have not maintained the HSN for outward, where is the question of maitaining the HSN for Inward ? So, how do we go about GSTR 9 return where in HSN of inward is mandatory. any opinion.

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8 Replies

Pankaj Rawat (GST Practitioner) (55052 Points)
Replied 26 May 2019

No .... every Tax payer whose aggregate turnover is below 1.5 crore is not reguired provide HSN for outward & inward supply .
(As per instructions in Notification 74/2018 CT ,under format of GSTR 9)

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LAKSHMI KANTH (TAX CONSULTANT) (449 Points)
Replied 26 May 2019

but sir. in that nitificatiin ,if you read very carefully instructions 17 and 18 to the GSTR -9, it is only mentioned as HSN for outward supplies are exempted, but not for the inward supplies? kindly read last four lines sir. Am I right?

pritesh (CA Final student) (7101 Points)
Replied 26 May 2019

Open ANNUAL return in that please click on help.. you will get the answer...

pankaj sir is correct.

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Ramachandran S (Chartered Accountant) (717 Points)
Replied 27 May 2019

The instructions are clear. As per Notification No. 74/2018 dated 31st December, 2018, for those having turnover upto Rs.1.5 crore, it is optional to give HSN wise summary for both inward and outward supplies. In case summary is given, so far inward supplies are concerned, details 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

niloy sanyal (account manager) (777 Points)
Replied 21 June 2019

Which Financial Year is mention here (i.e. Financial Year 2016-17 or Financial Year 2017-18) turnover is less than 1.50 Crore it is not require to mention HSN summary . urgent

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Ramachandran S (Chartered Accountant) (717 Points)
Replied 21 June 2019

In my view, it is financial year 2017-18, since you are filing GSTR-9 for FY 2017-18.

Ramachandran S (Chartered Accountant) (717 Points)
Replied 21 June 2019

One additional point. Cases where T.O. exceeds Rs.1.5 Crore need not give HSN summary. Hence, even if T.O is Rs.1.5 crore, HSN summary need not be given.

Ramachandran S (Chartered Accountant) (717 Points)
Replied 21 June 2019

Correction message: The last message should read as below:

One additional point. Only cases where T.O. exceeds Rs.1.5 Crore should give HSN summary. Hence, even if T.O is Rs.1.5 crore, HSN summary need not be given.