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Nil exempt outward supply

mukund (manager) (481 Points)

10 October 2020

If there is a Nil and exempt outward supply of rs 50000/- then in HSN summary is it compulsory to show this exempt sale?

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4 Replies

Momin Ali (156 Points)
Replied 10 October 2020

Yes, it would helpful for filing annual return and reconciliation, if not, u will stuck in reconciltion

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Shivam RC (Student) (23683 Points)
Replied 11 October 2020

It better to show it Sir

Sagar Patel (Tax and Business Consultant) (11611 Points)
Replied 11 October 2020

Yes, It's necessary to show....

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mukund (manager) (481 Points)
Replied 11 October 2020

Thank
but if there is taxable and exempt outward supply then is it necessary to show the value of exempted supply in HSN summary as the HSN code is same. because in case of builder if flat sold after BUC then gst is not applicable.
so please guide me

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