HSN summary is mandatory
mohit (accountant) (142 Points)
29 July 2018
Hi, is HSN summary is mandatory for service provider in GSTR 1.(If turnover below 1.5 crore in last F.Y) Kindly reply.
9 Replies
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 29 July 2018
No need if turn over less than the limit...
Also it's not mandatory to service provider...
Also it's not mandatory to service provider...
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 29 July 2018
But Descripttion of Goods is mandatory
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 29 July 2018
Dear.,
Also no need or Not mandatory ....
Also no need or Not mandatory ....
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 29 July 2018
Dear
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.
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.
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 29 July 2018
Oh god...
Please go through the query.... and please.
Please go through the query.... and please.
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 29 July 2018
The notification is regard to HSN code to be mentioned for Goods & service both
Vinod Babu
(24191 Points)
Replied 30 July 2018
Hsn summary not mandatory for turnover below 1.5 crore.
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 30 July 2018
No need to Services... HSN and SAC codes are different and also no need if less than the limit...
Even above 1.5crs no need to SAC code...
Even above 1.5crs no need to SAC code...
Recent Topics
- Interest and penalty on advance tax shortfall
- Joint Account with 3 legal heirs.......
- TCS adjustment
- GST audit and scrutiny
- GSTR9 Table 8 - 8A and 8B difference is 4D(1). in
- Eway Bill query for inter state
- Taxability of income in USA of resident oci holder
- Clarity regarding Sec 16(4)
- GST ON HOTEL ROOMS details
- Relief for Delayed Filing of Tax Forms
Related Threads
CAclubindia
