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Hardik Hindocha   21 October 2019

Is HSN wise summary mandatory in GSTR 1?

Is it mandatory to disclose HSN wise summary in GSTR 1 for registered persons having turnover upto 1.5 cr ?


 9 Replies

Deepak Gupta

Deepak Gupta (CA Student)     21 October 2019

NO.

Minimum digit required to be mentioned in the tax invoice and consequently to be reported is as follows:

1. Up to 1.5 crore annual turnover - Nil digit 

2. More than 1.5 crore and up to 5 crores annual turnover - 2 digit  

3. More than 5 crores annual turnover - 4 digit

Satya N Dharani

Satya N Dharani (Finance Professional)     21 October 2019

Not mandatory for whose Turnover is below 1.5 CR, mandatory for turnover exceeding Rs.1.5 CR

JACK B

JACK B (Sr.executive)     21 October 2019

turnover not exceeding 1.5 cr then can i skip hsn summary wise box in gstr 1>

Satya N Dharani

Satya N Dharani (Finance Professional)     22 October 2019

dear Mr.Jack b,  Then, no problem.

Prince Grover

Prince Grover   09 April 2020

No, it is not mandatory for a person for a person having turnover less than 1.5 crore.

M Venkat

M Venkat (CA finalist)     01 February 2021

If turnover exceeds 1.5cr and if we have not disclose HSN wise summary, then what are its consequences?

Bhavika Kothari

Bhavika Kothari (CA)     07 February 2021

No it is not mandatory to upload HSN details if your turnover is less than 1.5 crore

Ayushi Arora

Ayushi Arora   27 February 2021

HSN wise summary reporting is mandated in GSTR-1 and GSTR-2, with the exception that where HSN is not available, a descripttion of goods & services can be provided. 

But the turnover below 1.5 crore does not need HSN details to be included. 

 

 

Abhinav Jain

Abhinav Jain   10 May 2021

HELLO FRIENDS I FILED GSTR-1 OF APRIL 2021 WITHOUT DISCLOSING HSN SUMMARY. WILL I BE PENALISED. IF YES, THEN HOW MUCH. OR IS THERE ANY WAY TO RECTIFY THE GSTR-1.

 


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