Do Not Show Advance/Adjusted Entries in HSN Summary
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YouTube: How to Exclude Advance Receipt and Advance Adjustment Entries From HSN Summary in GSTR-1?
In this tutorial, we will learn how the "Do Not Show Advance/Adjusted Entries in HSN Summary" feature works during GST Return generation in Logic ERP. This feature allows you to exclude Advance Receipt and Adjusted Entries from the HSN Summary, ensuring that only relevant taxable transactions are reflected in the report.
Exclude Advance and Adjusted Entries from the HSN Summary.
Improve the accuracy of GST reporting.
Display only relevant taxable transactions in the HSN Summary.
Simplify GST reconciliation.
Generate cleaner and more meaningful GST reports.
Go to the GST Returns Module
Click on Configuration
Locate and enable the option labeled as:
"Do Not Show Advance/Adjusted Entries in HSN Summary"
Enabling this option excludes Advance and Adjusted Entries from the HSN Summary during GST Return generation.
Initially, the feature is disabled.
To understand its functionality, let's review an Advance Receipt voucher that has already been created.
Open the Advance Receipt voucher.
Observation
An Advance Receipt of ₹1,00,000 received from the customer.
The corresponding accounting and GST transaction details.
Return to the GST Returns Module.
Select the required GST Return Type.
Enter the applicable Date Range.
Click Generate.
Since the feature is disabled:
The Advance Receipt entry is included in the HSN Summary.
The transaction is displayed along with other taxable entries.
Return to the GST Returns Configuration.
Enable the option: "Do Not Show Advance/Adjusted Entries in HSN Summary"
Save the configuration.
Generate GST Return Again
Select the same GST Return Type.
Enter the required Date Range.
Click Generate.
After enabling the feature:
Advance Receipt and Adjusted Entries are excluded from the HSN Summary.
The HSN Summary displays only relevant taxable transactions.
The report becomes cleaner and more suitable for GST reporting and reconciliation.
Excludes Advance and Adjusted Entries from the HSN Summary.
Improves the accuracy of GST reports.
Reduces unnecessary information in the HSN Summary.
Simplifies GST reconciliation.
Ensures cleaner and more meaningful HSN reporting.
Enable this feature if Advance or Adjusted Entries should not be reflected in your HSN Summary.
Review Advance Receipt transactions separately before filing GST Returns.
Verify the generated HSN Summary to ensure only applicable taxable transactions are included.
Use this option in accordance with your organization's GST reporting requirements.
When the "Do Not Show Advance/Adjusted Entries in HSN Summary" feature is enabled, Logic ERP automatically excludes Advance Receipt and Adjusted Entries from the HSN Summary during GST Return generation. This helps produce a more accurate and concise HSN Summary by displaying only relevant taxable transactions for GST reporting.
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