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Banindia
Level 1
posted
‎March 11, 2022 09:25 AM
last updated ‎March 11, 2022 9:25 AM

HSN of inward supplies

In the year 2019-20 the month of June 19 has an HSN 3924  showing an IGST of 314.75.Can you please explain how the amount is coming this way as when we click the HSN 3924 it's showing the two bills that I have attached here.

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1 Comment 1
Mark_R
QuickBooks Team
QuickBooks Team
‎March 11, 2022 11:28 AM

HSN of inward supplies

Glad to have you here in the Community, @Banindia.

 

Allow me to share some information on how QuickBooks handles GST rates based on HSN codes.

 

Currently, QuickBooks does not have the capability to automatically populate GST rates based on HSN/SAC codes. Thus, QuickBooks only depends on the amount entered on a transaction. 

 

If you want to know more on how GST and HSN codes, I suggest reaching out to the Government of India. This way, they'll provide answers to your GST queries, tax rates, exemption rules, tax filing dates, GST updates, and everything else.

 

I'm also adding these articles to learn more about HSN codes: 

 

 

Please let me know if you need clarification about HSN codes. I'll be standing by for your response, @Banindia.

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