HSN wise summary of outward sales CN and DN

87 views 1 replies
User Avatar

Accountant for multiple small entities
171 Points Joined September 2022
Hi Sir/Madam

We have sales of Rs.10 lacs

and Debit note Rs. 2 lacs

Do I need to show HSN wise summary as 10 lacs or 12 lacs

Please advise

Thanks
0 Reply Share Follow
On 12 October 2024 at 11:37 Report
Replies (1)
User Avatar

Master in Accounts & high court Advocate
8827 Points Joined December 2011

You need to show the HSN wise summary as Rs. 12 lacs. Here's why: - Sales: Rs. 10 lacs - Debit note: Rs. 2 lacs (this is an additional invoice value, not a reduction in sales) Total value of supplies (Rs. 10 lacs + Rs. 2 lacs) = Rs. 12 lacs HSN wise summary should reflect the total value of supplies, which is Rs. 12 lacs in this case. However, please note that you should also report the debit note separately in the GSTR-1 return,

Reply
On 12 October 2024 at 14:24


CCI Pro

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Threads

More recent discussions | Post

Related Threads
Loading