HSN summary inward supplies

Rate / HSN codes 235 views 1 replies

Is it compulsory to show HSN summary of inward supplies in GSTR1?.  Our gst regn is regular.  Turnover not exceeding 1.5 cr. Hence filing GSTR1 quarterly.

Replies (1)

NO.

In GSTR-1, HSN wise summary of goods/services supplied during the tax period is given.

Minimum digit required to be mentioned in the tax invoice and consequently to be reported is as follows.

1. Up to 1.5 crore annual turnover - Nil digit 
2. More than 1.5 crore and up to 5 crores annual turnover - 2 digit  
3. More than 5 crores annual turnover - 4  digit


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register