Our aggregate turnover ( ie sum of taxable outward supplies + salable values of exempted outward supplies ) of the FY 16-17 is less than 1.5 crore. Is HSN summary exempted for such cases in GSTR1 ? Can someone clarify, if possible with the notification of CBEC. However, our turnover for the period FY17-18 is more than 1.5 crore. Can we still go with the previous year turnover and skip the HSN summary ? Please extend your comments
HSN SUMMERY IS REQUIRED WHEN T/O EXCEEDS 1.5 CR
But T/o in the previous financial year is less than 1.5 cr . can i miss the hsn summary ?
for that year only
| Originally posted by : Aravind | ||
 |
But T/o in the previous financial year is less than 1.5 cr . can i miss the hsn summary ? |  |
Ha Ha Ha...
Dear Aravind.,
If Your PY is not exceeds the T/O Rs. 1.5cr then no need to Enter HSN details.
But., In FY 17-18 when Your T/O crossed the limit then You will enter the HSN details & Also in FY 2018-19 based on 17-18.
(CBEC ask some of the field "If Your T/O is above 1.5cr or It will exceed 1.5cr in the FY)....
CAclubindia
