IS HSN WISE SUMMARY REQURED TO BE REPORTED IN GSTR 1 SHOULD BE NET OF CREDIT NOTES OR ON A GROSS BASIS?
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HSN WISE SUMMARY GROSS OR NET
Replies (3)
In my opinion on net basis since that denotes the actual supply
There is a circular in HSN number there is a circular in April 2020.
Turnover exceeding Rs.5 crores need to give HSN number. It is mandatory.
Here the querist must mention that.
If it is above rs.5 crores then it's OK.
Turnover exceeding Rs.5 crores need to give HSN number. It is mandatory.
Here the querist must mention that.
If it is above rs.5 crores then it's OK.
It's on Net basis...
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