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Is HSN wise summary mandatory Gstr 1?
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. As per Notification No.
How do I file HSN wise 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.
How do I find my HSN code on Gstr 1?
In case of quarterly GSTR-1, you need to furnish the details at 4 digits in April to June’21 GSTR-1, to be filed in July,2021. With this change, you need to report the HSN code of 6/4 digits mandatorily in HSN summary i.e., table 12 of GSTR-1.
When HSN wise summary is required?
However, Central Tax notification number 12/2017 dated 28-06-2017 requires disclosure of HSN data as follows: – Annual turnover in preceding FY up to Rs 1 crore: No HSN required – Annual turnover in preceding FY between Rs 1 crore and Rs 5 crore: HSN of 2 digits – Annual turnover in preceding FY more than Rs 5 crore: …
Can we file GSTR1 without HSN summary?
Businesses with turnover exceeding INR 5 crores need to upload HSN summary with 6 digit HSN codes. 3. If one is filing monthly GSTR-1, HSN details of April need to be filed in May 2021. If one is filing quarterly GSTR-1, 4 digit HSN codes of April to June 2021 need to be filed in July 2021.
Is it mandatory to file Gstr 1?
Yes, filing GSTR 1 is mandatory. If your total sales for a year is less than Rs. 5 crore you have the option to file the return on a quarterly basis. With this, there is also an Invoice furnishing facility available to upload sales invoices on a monthly basis (for the first two months of the quarter).
Can we file gstr1 without HSN summary?
Is HSN summary mandatory Gstr 9?
It is not mandatory to fill the HSN summary. If annual return is filed late, this table is required to be filled.
Is HSN summary net of credit note?
Section-12: HSN-wise summary of outward supplies The net of invoice, sales receipts and credit notes will be shown.
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.