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HSN Summary- Credit notes

Others 1495 views 2 replies
Hi Sir/Madam

Good morning

Every month I am showing Outward sales HSN Summary which ties with Sales Summary in books

However in October month there are Credit notes

Do I need to adjust Credit note value in HSN Summary value

For instance
Sales total value is 1,00,000
Credit note total value is 10,000

in HSN Summary do I need to show HSN Summary as 90,000

Please advise
Thanks in advance
Replies (2)
Hi Kishore,

All the outward supplies and credit notes are required to be reported under HSN Summary table of GSTR 1.
Trust this clarifies, if any more clarifications required you can write mail to Bhavana @ lbkca.in.

Thanks,
Bhavana K L
Chartered Accountant
I understood
Thanks a lot mam


CCI Pro

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