Hsn code summary
This query is : Resolved
Rakesh Sharma
(Querist)
28 August 2019
Dear Experts,
Our proprietorship firm has a turnover of Rs. 1.45 Cr. for the period from July-17 to March-17.
But 1.67 Cr. in F.Y. 2017-18.
Should we show HSN Code wise summary of Sales & Purchase in GSTR-9 or we are exempt to show.
Please advise.
Our proprietorship firm has a turnover of Rs. 1.45 Cr. for the period from July-17 to March-17.
But 1.67 Cr. in F.Y. 2017-18.
Should we show HSN Code wise summary of Sales & Purchase in GSTR-9 or we are exempt to show.
Please advise.
CA Premanshu Jaiswal
(Expert)
28 August 2019
If your annual turnover in the preceding FY i.e. 2016-17 is less than 1.5 Crs. then you are exempt from declaring the HSN-wise Sales and Purchase.
Rakesh Sharma
(Querist)
28 August 2019
Sir, is there any source to justify the exemption as department always demand any notification / circular etc.
Regards,
Rakesh Sharma
Regards,
Rakesh Sharma
CA Premanshu Jaiswal
(Expert)
29 August 2019
Please study the FAQ's issued by the Govt. It has been mentioned clearly.
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