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.
Shankar Sharma (505 Points)
19 October 2019Is 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.
Deepak Gupta
(CA Student)
(15922 Points)
Replied 19 October 2019
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
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