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HSN WISE SUMMERY ON OUTWARD SUPPLY ON REVERSE CHARGE

Others 4380 views 8 replies

Ajnas

Student

844 Points Posted on 26 June 2021

For giving the hsn wise summery in GSTR 1, it is equal to net outward supply in GSTR 1(sales+Debit note -credit note) , but in case of outward supply on reverse charge, we normally seen that
taxable value and tax amount on outward supply on reverse charge is shown in table 4 of GSTR 1, then we need to enter the tax amount(CGST, SGST, IGST, CESS, UTGST) of outward supply on reverse charge in table 12 of GSTR 1 for hsn wise summery and table 17 of GSTR 9?

Replies (8)

Quick Summary

For GSTR-1 HSN-wise summary, outward supplies under reverse charge are reported in Table 4, while HSN Table 12 may include taxable value with tax separately. In practice, taxpayers often report taxable value (and sometimes tax) for reconciliation, but mismatch with Table 4 is generally acceptable if properly disclosed.

Prabhat Pandey

210 Points Posted on 26 June 2021

Yes,it's correct what you actually wants to know....

Ajnas

Student

844 Points Posted on 27 June 2021

Taxable value and tax amount on outward supply on reverse charge is shown in table 4 of GSTR 1, then we need to enter the tax amount(CGST, SGST, IGST, CESS, UTGST) of outward supply on reverse charge in table 12 of GSTR 1 for hsn wise summery and table 17 of GSTR 9?

Pankaj Rawat

GST Practitioner

55067 Points Posted on 27 June 2021

Dear Ajnas
Correct ..... but what is your query.

Ajnas

Student

844 Points Posted on 06 July 2021

Pankaj sir, we need to put the tax amount of outward supply on reverse charge in hsn wise summery coloumn of GSTR 1 and GSTR 9?

Pankaj Rawat

GST Practitioner

55067 Points Posted on 11 July 2021

Dear Ajnas
Then what is the problem.
In case of RCM supply (Supplier) , it's understandable that the Tax amount will not match with tax reported in table 4 . , The reco for the same can be prepared.

The other way out is while reporting such invoices in table 12 of GST1 (HSN wise Summary) can declare against 0% tax rate )

Ajnas

Student

844 Points Posted on 11 July 2021

Outward supply on reverse charge amount Rs.100000+18%GST (18000), then while reporting such amount in Table 12 of GSTR 1, we need to report Rs. 100000+18% GST or only taxable value Rs. 100000 in GSTR 1?