HSN summary while filing GSTR 1

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243 Points Posted on 20 October 2021
is it compulsory for everyone filing GSTR 1 to show HSN wise summary???
if the annual turnover is around 70-80lakhs
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On 20 October 2021 at 08:09 Report
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This discussion clarifies the requirement for HSN (Harmonised System of Nomenclature) summaries when filing GSTR 1. For businesses with an annual turnover of approximately £70-80 lakhs, a 4-digit HSN code is mandatory for B2B transactions. While optional for B2C transactions, it's a key detail for B2B filings.

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CMA
13117 Points Posted on 21 October 2021

Yes, in this case, 4 digit HSN code is a must for b2b transactions (optional for B2C)

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On 21 October 2021 at 08:14
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243 Points Posted on 21 October 2021
Ok thank You
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On 21 October 2021 at 08:16

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