HSN/SAC Report in TallyPrime: Explained in 4 Easy Steps

The HSN/SAC Summary report in TallyPrime is a vital tool for businesses complying with the Goods and Services Tax (GST) in India.

It provides a comprehensive overview of your outward supplies, categorized by the HSN (Harmonized System Nomenclature) or SAC (Services Accounting Code).

Here’s an in-depth explanation of its purpose, components, and functionalities:

1. Purpose of HSN/SAC Report in TallyPrime:

  • The HSN/SAC Summary report helps you analyze and report the value and tax associated with your outward supplies, categorized by the specific HSN/SAC code of the goods or services involved.
  • This report plays a critical role in preparing for filing your GSTR-1 return, which requires you to report outward supplies based on HSN/SAC codes.

2. Components and Functionalities:

1. Accessing the Report:

2. Report Sections:

  • Summary of Vouchers with HSN/SAC:
    • Shows the count of outward supply vouchers categorized based on:
      • Description: Vouchers with HSN/SAC description specified.
      • HSN/SAC: Vouchers with only HSN/SAC code specified.
      • HSN/SAC and Description: Vouchers with both HSN/SAC code and description specified.
  • Included in HSN/SAC Summary:
    • Lists stock items with UQC (Unit of Quantity Code) mapped, enabling their inclusion in the HSN/SAC Summary report.
  • Not included in HSN/SAC Summary (UQC not available):
    • Lists stock items without a defined UQC, leading to their exclusion from the report. These might require mapping the appropriate UQC for accurate reporting.
  • Not included in HSN/SAC Summary (For other reasons):
    • Lists stock items excluded due to specific reasons like:
      • Sales return value exceeding sales value.
      • Purchase return value exceeding purchase value.
      • Missing information like HSN/SAC or UQC.

3. Key Columns:

  • HSN/SAC: Displays the relevant HSN code for goods or SAC code for services.
  • Description: Shows the description of the stock item or service associated with the HSN/SAC code (if available).
  • Type of Supply: Identifies the type of supply (e.g., Inter-State Supply, Intra-State Supply).
  • Quantity UOM: Displays the quantity of the supplied items using the defined Unit of Measurement (UOM).
  • Taxable Value: Shows the total taxable value of all outward supplies under that specific HSN/SAC code.
  • Integrated Tax Amount: Displays the total integrated tax (IGST) collected for inter-state supplies for that HSN/SAC code.

4. Filtering and Sorting:

  • You can filter and sort the report data based on different criteria like HSN/SAC code, type of supply, etc.
  • This helps you analyze specific categories of outward supplies in more detail.

3. Benefits of HSN/SAC Report in TallyPrime:

  • Simplified GSTR-1 Preparation: Provides a readily available summary of information required for GSTR-1 filing, minimizing manual data gathering and errors.
  • Enhanced Compliance: Facilitates accurate reporting of outward supplies aligned with GST regulations.
  • Improved Data Analysis: Offers insights into the distribution of your outward supplies across different HSN/SAC categories, aiding business decisions and tax planning.

4. Additional Notes:

  • The specific report layout and available functionalities might vary slightly depending on your TallyPrime version.
  • Consult your TallyPrime documentation or support for detailed instructions related to your specific version.
  • It’s recommended to maintain accurate HSN/SAC codes and descriptions in your stock items and vouchers for optimal report generation and GST compliance.

By utilizing the HSN/SAC Summary report effectively, you can streamline your GSTR-1 preparation process and ensure accurate reporting of outward supplies, contributing to robust GST compliance for your business.


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