HSN details in GST-2

Hello,

Please make sure that following details should be mentioned in TAX Invoice.

1. Name, address and GSTIN of the supplier.
2. Invoice number not exceeding sixteen characters.
3. Date of tax invoice.
4. Name, address and GSTIN of the customer, if available.
5. HSN code for goods or SAC code for services.
6. Descripttion of goods or services.
7. Quantity supplied.
8. Total value of supply.
9. Taxable value of the supply.
10. Rate and amount of GST
11. Place of supply.

So HSN Code needs to be mentioned mandatorily on invoice.please ask the supplier for the same. However

• Entities having less than Rs.1.5 crores annual turnover in the preceding financial year will not be required to display HSN code on the invoice.
• Entities having Rs.1.5 crores to Rs.5 crores annual turnover in the preceding financial year will be required to display the first two digit (Chapter) of the HSN code on the invoice.
• Entities having more than Rs.5 crores annual turnover in the preceding financial year will be required to display the first two digit (Chapter) and chapter heading of the HSN code on the invoice. Thus, only entities having more than Rs.5 crores of annual turnover would be required to display 4 digit HSN code on the invoice.

In case of mandatory filling of GSTR-2, receiver tax payers are required to mandatorily file their GSTR-2 on a monthly basis in which they can accept,modify,reject, or keep pending any details pertaining to outward supplies filed by suppliers in GSTR-1. GSTR-2 needs to be filled even there is no business activity.i.e NIL return filling. Only those who have opted for composition option, TDS deductors, non resident tax payers, E-Commerce operators deducting TCS are not required to file GSTR-2.

Regards.