Hsn wise summary in gstr1...

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203 Points Posted on 23 July 2020
is it mandatory to show hsn wise summary in gstr 1...turnover is in crores bt its non gst supply and leviable supply is only in thousands...
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On 23 July 2020 at 14:18 Report
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This discussion clarifies whether an HSN wise summary is mandatory in GSTR 1. It explains that HSN codes are optional if your aggregate turnover is below £1.5 crore. However, if your turnover exceeds this threshold, HSN code declaration becomes mandatory in GSTR 1, as per Notification 12/2017 CT.

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1313 Points Posted on 23 July 2020
HSN wise summary is optionable if the aggregate turn over is less than 1.5 crores. If exceeds 1.5 crores HSN code is mandatory.
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On 23 July 2020 at 22:51
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GST Practitioner
55067 Points Posted on 23 July 2020
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. Thus not even required to declare the same in GSTR 1
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On 23 July 2020 at 23:37
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203 Points Posted on 24 July 2020
Thank you so much sir, to both of you...
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On 24 July 2020 at 10:19

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