Advances received and Advances adjusted - HSN Summary

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44 Points Posted on 16 December 2025

Sir/Madam

Could some one please advise

There are 250000 advances received

and Rs. 1,50,000 advances adjusted

the net of Rs. 1,00,000 is required to show in HSN wise summary 

 

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On 16 December 2025 at 21:24 Report
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This discussion clarifies how to handle advances received and adjusted in the HSN Summary. It emphasizes that you should not report the net amount. Advances are not considered inward or outward supplies, and therefore, they should not be included in the HSN summary at all. The correct approach is to report gross figures accurately, not netted values.

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Finance/Compliance Consultant
69428 Points Posted on 17 December 2025

NO — you should NOT show only the net amount (₹1,00,000) in the HSN summary.
You must report gross figures correctly, not netted values.

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On 17 December 2025 at 11:36
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"Do the Right Thing...!!!"
128157 Points Posted on 17 December 2025

Advances is not a inward/outward supplies. So, No need to show the advance with Hsn summary

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On 17 December 2025 at 15:40

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