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HSN-CODE for rate diff

Rate / HSN codes 13741 views 2 replies
credit note for rate diff. is affected in hsn summary of GSTR1???
Replies (2)
Quick Summary
Credit note for rate difference in GST can impact HSN summary in GSTR-1 depending on reporting method. Taxpayers may report HSN either on gross basis without adjusting credit/debit notes or on net basis after adjustment. Both methods are accepted if consistency is maintained.

Yes it does affect HSN summary of GSTR1.
No .... can be adopted Gross or Net .

HSN summary can be reported Gross without giving effect of CNT/DNT or can be reported Net of By reducing CNT/DNT


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