Sage-Tips

How do I file a GST return with HSN code?

HSN

1. HSN Code of outward Supplies.
2. Description of the outward supplies.
3. In the ‘UQC’ drop-down select the quantity of the supplies.
4. Enter the Total Quantity, Total Value and Total Taxable Value of the outward supplies.
5. Now enter the IGST or CGST and SGST based on the type of sale made viz a viz inter-state or intra-state.

How do I submit my HSN summary in Gstr-1?

Open GST Offline Tool.exe > Import Files. Under Import Returns – one section at a time, select HSN-wise Summary of Outward Supplies – 12. Click COPY EXCEL > View Summary > and import it. Click GENERATE FILE.

Is HSN code mentioned in Gstr-1 is mandatory?

It will be mandatory to specify the number of digits of HSN code for goods or services that a class of registered persons shall be required to mention as may be specified in the notification issued from time to time under proviso to rule 46 of the said rules.

Is HSN wise summary mandatory in annual return?

It is not mandatory to fill the HSN summary. If annual return is filed late, this table is required to be filled.

How do I get HSN wise summary in GST portal?

For this, you can go to GST Menu, Generate Tax Summary, then go to GST reports, select the GST Summary Data report. You have to enter dates here and click on Get Data. After this click on the Raw Data tab. You have the option to export this raw data to excel.

What is HSN code in GST invoice?

HSN code stands for “Harmonized System of Nomenclature”. This system has been introduced for the systematic classification of goods all over the world. HSN code is a 6-digit uniform code that classifies 5000+ products and is accepted worldwide.

How do I correct HSN code in GST?

It will show the same HSN codes on all sales invoice. To configure this, Go to “Accounts Information” > “Groups” > click on “Create” > Select the “Sales Group” (Select the ledger group for which you want to set up HSN code) > Against “Set/ alter GST details”, enter “Yes” and enter the HSN code here.

How do I add HSN code to GST after registration?

Step 1: Login to the GST portal and navigate to Services > Registration > Amendment of Registration Non – Core Fields hyperlink. Step 3: Make the necessary amendments – Add, delete or edit details.

How do I add HSN code to GST?

What does mean HSN codes in GST?

The Harmonized System of Nomenclature or HSN is an internal system of naming goods. GST HSN code is an 8-digit code assigned to goods by organizing them in a hierarchical manner. Service Accounting Code or SAC is the nomenclature adopted by the Goods and Services Tax Council for identifying services delivered under GST.

What is the full firm of HSN code in GST?

HSN Code in GST HSN Full Form and Meaning (Harmonized System of Nomenclature) HSN full form is “Harmonized System of Nomenclature”. This system has been introduced for the systematic classification of goods all over the world.

What is the HSN code in a GST invoice?

HSN Code on Invoice Under GST Invoice Rules and Format, suppliers are required to mandatorily display the HSN code or SAC code of the goods or services supplied on an invoice . However, in order to make compliance easier for small and medium-sized enterprises, the requirement for disclosing HSN code on invoice has been relaxed.

How many degit of HSN code in GST?

HSN codes for goods at 6 digits are universal. Therefore, common HSN codes apply to Customs and GST. Accordingly, codes prescribed in the Customs tariff are used for GST purposes too. In Customs Tariff, HS code is prescribed as heading (4 digits HS), sub-heading (6 digits HS) and tariff items (8 digits).