Hsn wise summary

Rate / HSN codes 186 views 2 replies

Dear Sir / Madam,

Is HSN Wise summary is mandatory? if we fail to update this information what is the consequence?

Turnover for the Financial year is more than 2 Crore.

Replies (2)
ya as per govenment rules Turnover above 1.5 crore should atleast maintain 2digit HSN summary till 5crore.

Dear Sir,

Thank you for your information!

Turnover of a company is more than 5 crore, GSTR 1 and GSTR 3B filled for FY 18-19, but forget to update the HSN Summary throughout the year.

What will be the consequence, is there any opportunity to update the HSN summary for FY 18 - 19.

Please help me in this regard.


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