HSN WISE SUMMARY IN GSTR1

This query is : Open

renuka (Querist)
Follow

12 July 2021 Respected sir,
Greetings of the day,
Kindly let me know wether hsn wise summary has to be updated mandatorily in GSTR1 filling.

Regads
Renuka

CMA Poornima Madhava

CMA Poornima Madhava (Expert)
Follow

12 July 2021 If turnover is >5cr, mandatory. If turnover is up to 5cr, mandatory only for B2B supplies (B2C optional).

Ganeshbabu K

Ganeshbabu K (Expert)
Follow

12 July 2021 yes it is mandatory

upto 5 crore 4 digits
more than 5 crore 6 digits

CA Altamush Zafar

CA Altamush Zafar (Expert)
Follow

12 July 2021 Yes it is mandatory.
Better make a system of generating HSN for all supplies and file the same.

CA Rashmi Gandhi

CA Rashmi Gandhi (Expert)
Follow

12 July 2021 If turnover above 5 crore, then 6 digit hsn is compulsory. For turnover above 1.5 but below 5 crore, 4 digit HSN compulsory. For turnover below 1.5 , 4 digit HSN is compulsory for B2B only.