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HSN WISE SUMMARY OF OUTWARD SUPPLIES

18 December 2017

Please tell me whether to show Net Figures of Supply outward i.e., after deducting any credit note issued during the month.

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11 Replies

Manas Das (1431 Points)
Replied 18 December 2017

No sir report the gross supply

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Rakesh Goenka (140 Points)
Replied 18 December 2017

Than the actual supply will be erroneously reflect more, if we show gross figure.

CA Nitin Jain (Jaipur) (72 Points)
Replied 18 December 2017

it should be net sales

Manas Das (1431 Points)
Replied 18 December 2017

sir Hsn summary to match with total invoice raised not for net tax liability. please understand the logic when u receive advance also u paying tax are u reflecting in hsn summary. So it is for gross sales in my opinion

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Rakesh Goenka (140 Points)
Replied 18 December 2017

Totally Confused......

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Manas Das (1431 Points)
Replied 18 December 2017

sir just report gross sales Hsn summary

RAJA P M ("Do the Right Thing...!!!") (128096 Points)
Replied 18 December 2017

@ Mr. Rakesh Goenka.,
Please explain your query yourself once again. Bcoz, If you ask GSTR 1 or GSTR 3B...??

If GSTR 3B then no need / way for HSN summary
If GSTR 1 then you can get separate columns for Credit Note (Sales Return).... You ll show the sales details in required columns and Show the Credit note details in required columns. After its automatically calculate the values (Sales - Credit Note)

Then why you confused...
Ask yourself correctly then get exact reply or solution...

Ayan Majumder (CA/Accountant) (24 Points)
Replied 17 December 2018

Manas Das - https://www.caclubindia.com/forum/hsn-wise-summary-of-outward-supplies-439586.asp#

you are an idiot.

RAJA P M ("Do the Right Thing...!!!") (128096 Points)
Replied 17 December 2018

Originally posted by : Ayan Majumder
	Manas Das - https://www.caclubindia.com/forum/hsn-wise-summary-of-outward-supplies-439586.asp# you are an idiot.

RAJA P M ("Do the Right Thing...!!!") (128096 Points)
Replied 17 December 2018

Originally posted by : Ayan Majumder
	Manas Das - https://www.caclubindia.com/forum/hsn-wise-summary-of-outward-supplies-439586.asp# you are an idiot.

RESPECTED SIR Mr AYAN MAJUMDER.,

CAN YOU EXPLAIN YOUR VIEW WHICH IS SAID BY YOU AS "YOU ARE AN IDIOT"...?

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uma shankar khatri (proprietor) (133 Points)
Replied 09 April 2019

While filing GSTR-1 ,We have entered B2B , B2C, Credit Notes in proper tables. , Now in HSN wise Table If Nett Values of supply i.e. after deducting values of credit note, is filled and we proceed to submit , A Warning Flashes " YOU HAVE RECORDS STILL UNDER PROCESSING / PROCESSED With error status in section B2B uploaded by supplier. You may go back and take action on those records before submitting. If you choose to proceed without taking action on the same , system will processyour return / statement without consideringthose records.,Do you want to continue ? " optio- CANCELL/ PROCEED , This is due to mismatch of HSN values & B2B Values or Due to some other reasons ?We have filled B2B Details correctly, matching with our Books.What should We Do ? If we proceed without correction then it will be a mismatch of B2B & HSN Details.. If we make correction and fill the gross values it will be wrong information. Even then HSN wise detail will also mismatch with the Values of B2B Table because the total HSN wise Values will be sum of B2B and B2C supplies. How can it match with B2B Supply Values Only.PLEASE Guide

Uma Shankar