IS HSN WISE SUMMARY REQURED TO BE REPORTED IN GSTR 1 SHOULD BE NET OF CREDIT NOTES OR ON A GROSS BASIS?
3 Replies
CA Altamush Zafar
(GST Consultant)
(15971 Points)
Replied 02 February 2022
In my opinion on net basis since that denotes the actual supply
sabyasachi mukherjee
(27574 Points)
Replied 03 February 2022
There is a circular in HSN number there is a circular in April 2020.
Turnover exceeding Rs.5 crores need to give HSN number. It is mandatory.
Here the querist must mention that.
If it is above rs.5 crores then it's OK.
Turnover exceeding Rs.5 crores need to give HSN number. It is mandatory.
Here the querist must mention that.
If it is above rs.5 crores then it's OK.
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