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HSN summary is mandatory

mohit (accountant) (142 Points)

29 July 2018

Hi, is HSN summary is mandatory for service provider in GSTR 1.(If turnover below 1.5 crore in last F.Y) Kindly reply.

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9 Replies

RAJA P M ("Do the Right Thing...!!!") (128106 Points)
Replied 29 July 2018

No need if turn over less than the limit...
Also it's not mandatory to service provider...

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Pankaj Rawat (GST Practitioner) (55057 Points)
Replied 29 July 2018

But Descripttion of Goods is mandatory

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RAJA P M ("Do the Right Thing...!!!") (128106 Points)
Replied 29 July 2018

Dear.,

Also no need or Not mandatory ....

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Pankaj Rawat (GST Practitioner) (55057 Points)
Replied 29 July 2018

Dear

notification 12/2017 CT , Dr 28/6/17

provides that a registered person having annual turnover in the preceding financial year less than Rs.1 .5 Crore is not required to mention the digits of HSN codes in a tax invoice issued by him. However, in GSTR 1 & 2 he must give the details of stock sold HSN code wise.
So person having turnover up to Rs 1.5 crore may skip HSN codes but they have to provide quantitative details and descripttion of all items sold.

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