HSN Summary for Outward Supply: A Complete Guide to GSTR 9!

As the GSTR 9 filing due date is approaching, most of the business owners get confused with the HSN summary of outward supplies. Is it mandatory? What’s the format? How do I add the details? What should the section entice? All of these questions start flooding. If you, too, have these queries, this guide is for you.

Let’s take a quick look at the HSN-wise summary for outward supply and get all the questions answered. 

What is the HSN-wise Summary for Outward Supply? 

The HSN summary of outward supply refers to the compiled annual report of goods sold by the business, which are classified based on the HSN codes. 

The summary incorporates: 

• Goods / services sold 
• Quantity of Supplies 
• Amount and Taxable Value 
• Tax Rate Applied 

HSN-wise Summary helps the tax authorities get a deep understanding of the nature and volume of outward supply. 

Where Do We Add Outward Supply HSN Details in GSTR 9? 

To report HSN-wise details of Outward supply, Table 17 must be used in GSTR 9.

Consolidate and classify all the outward supply entries and feed them in Table 17 based on HSN codes. 

Is it Mandatory to Include HSN-wise Summary for Outward Supply in GSTR 9? 

HSN summary is optional or mandatory completely depending on the turnover threshold. 

• If your turnover is above Rs 5Cr, adding the HSN summary is mandatory for filing GSTR 9.
• For turnovers below Rs. 5Cr, HSN summary for outward supply is optional.

How Do I Prepare the Outward Supply HSN Summary? 

Check out the step-by-step approach to prepare the HSN Summary for Outward supplies. 

1. Export Outward Supply Entries 

You can leverage an accounting software to get all the HSN details product wise for the outward supply by the end of the financial year. 

2. Classification Based on HSN 

Consolidate and classify all outward supply details by grouping them based on HSN codes. In other words, supplies with the same HSN code are grouped in one category. 

3. Reconciliation with GSTR 1

Outward supply HSN summary recorded in Table 17 for GSTR 9 must align with Table 12 GSTR 1 details. 

4. Checkout Accuracy 

Cross-check all the entries and HSN codes using the CBICs tool to see if all the codes entered are updated. 

5.  Leverage Accounting Solutions 

Accounting solutions like Munim auto-generate HSN-wise summary details for outward supplies and minimise the risk of discrepancies. This also saves time and manual effort. 

Which Details Should be Added Under Table 17 of GSTR 9? 

HSN summary details to be added in Table 17 of GSTR 9. Check out the list below: 

• HSN code of the goods/services supplied 
• Detailed Description of entities 
• Unit Quantity Code 
• Total Quantity of Goods Sold 
• Total Amount 
• Tax Payable 
• Applied GST rate 

Why Should You Record HSN Summary For Outward Supply in GSTR 9? 

1. Reporting the HSN summary ensures transparency while recording annual sales.
2. HSN-based goods classification ensures the grouping of exact product types to facilitate accurate GST rate mapping.
3. HSN summary for outward supply streamlines reconciliation of annual return entries with those of monthly returns.
4. It fosters clean records, encouraging seamless auditing processes. 

3 Mistakes to Avoid While adding HSN Summary for Outward supply in GSTR 9? 

1. Mismatched HSN codes: Crosscheck HSN codes before submitting and see if you have added the updated HSN codes. 
2. Multiple Products with Same HSN Codes: Consolidate products with same HSN codes in one category instead of adding separately. 
3. Old or inactive HSN codes: Check the HSN codes you have added are active; if not replace them with the active ones. 

Conclusion 

GSTR 9 filing due date is around the corner, record your HSN summary for outward supply accurately, reconcile with monthly filing data, and then submit the form to avoid delays or penalties. Businesses with a turnover of more than Rs 5 crore should mandatorily include the HSN summary, while those below the threshold can opt to include it based on their choice.

Hopefully, this blog has resolved all your queries regarding the HSN summary for outward supply in GSTR 9. Stay tuned with us until we publish the next blog.

If you are looking for a hassle-free GSTR 9 filing solution, get a free trial with Munim GST today and experience the transformation. Get started today. 

About the author

Priyanka Chaudhari

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Priyanka Chaudhari is an enthusiastic writer with an ocean of experience in the tech world. She writes mainly on topics like accounting, e-invoicing, GST, and billing. Currently, she is working with Munim and comes up with innovative topics for the readers. Stay tuned to her blogs.