For giving hsn wise detail report in gstr 1 the limit of turnover of 1.5cr is for the particular tax period or for the whole year.
suppose my t/o in july is 60 lac and my expected t/o for whole year may be 5cr. then it is essential to furnish the hsn wise details in gstr1 for the july?
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Hsn code details
Replies (3)
In PY your turn over is above 1.5cr you ll must fill the details of HSN summary. If no you don't want to file HSN summary...
In case your turn over in July 60l no problem but, PY is less than 1.5cr not want fill the HSN details.
But, when you reach turn over above 1.5cr at the time you ll be enter the HSN summary details for the reached month...
In case your turn over in July 60l no problem but, PY is less than 1.5cr not want fill the HSN details.
But, when you reach turn over above 1.5cr at the time you ll be enter the HSN summary details for the reached month...
Thank you for the Reply RAJA P M Sir.,
I'm a Composition dealer which situation I'm going opt to Regular scheme...?
When you reach turn over above 75lakhs then your GSTIN going to regular scheme automatically....
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