HSN wise summary of outward sales CN and DN

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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
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On 12 October 2024 at 11:37 Report
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Master in Accounts & high court Advocate
9487 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,

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On 12 October 2024 at 14:24


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