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Hsn code summary in gstr 1

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yash

accountant

519 Points Posted on 23 May 2021

Hsn summary in Gstr 1 is mandatory for all tax payer at the time of filing of return.
please provide supportive notification or rules.

Replies (5)

Quick Summary

Filing the HSN summary in GSTR 1 is a mandatory requirement for all taxpayers when submitting their returns. Businesses with an annual turnover above 5 crores must report a 6-digit HSN code, while those below 5 crores need to provide a 4-digit HSN code. This requirement applies irrespective of turnover, as confirmed by GST Notification No. 78/2020.

CA. Sourav Sarkar

Chartered Accountant

24588 Points Posted on 23 May 2021

Businesses with an aggregate turnover exceeding 5 crores in the preceding financial year, need to upload HSN summary with 6 digits HSN code in GSTR-1 starting from 1st April,2020. In the same way, businesses with an aggregate turnover up to 5 crores, need to upload HSN summary with 4 digits HSN code in GSTR-1 return.