Benefits of Enhanced HSN Summary in Tally Prime Gold for Businesses

Published on: 18-09-2025 Call CA Tally HelpDesk +91 9205471661, 8368262875

Benefits of Enhanced HSN Summary in Tally Prime Gold for Businesses

The introduction of Goods and Services Tax (GST) in India brought about the need for structured and transparent reporting of goods and services through HSN (Harmonized System of Nomenclature) codes. For businesses, furnishing an HSN-wise summary is a statutory requirement that ensures proper classification and reporting of supplies. Tally Prime Gold, the multi-user edition of Tally Prime, simplifies this process with its Enhanced HSN Summary feature, making compliance faster, more accurate, and collaborative across multiple users.

What is HSN Summary?

An HSN Summary is a detailed report that consolidates outward and inward supplies under their respective HSN/SAC codes. It shows important information such as the taxable value, GST rates, and tax amounts, enabling businesses to generate accurate GST returns like GSTR-1. For organizations with higher turnovers, reporting HSN details is mandatory, and Tally Prime Gold ensures that the process is effortless.

Why Enhanced HSN Summary in Tally Prime Gold?

While Tally Prime Silver provides this feature for a single user, Tally Prime Gold takes it a step further by enabling multi-user collaboration. This means multiple accountants, managers, or staff can work simultaneously on entering transactions, updating stock items, and verifying HSN codes without delays. The consolidated reports can then be viewed instantly by anyone with the necessary rights.

Key highlights include:

• Real-Time Updates: Any transaction entered by one user reflects in the HSN Summary instantly for others.
• Detailed Drill-Down: Users can navigate from summary level to transaction level for verification.
• Flexibility: Customize summaries with filters such as tax type, date range, or turnover brackets.
• Export Options: Direct export in Excel, PDF, or JSON formats for GST compliance and audit purposes.

Steps to Generate Enhanced HSN Summary in Tally Prime Gold

1. Enable GST and HSN Codes
   • Go to F11: Features → Statutory & Taxation.
   • Enable GST and activate HSN/SAC details.
   • Assign HSN codes at company, ledger, or stock item level.
2. Record Transactions with HSN Codes
   • While creating vouchers, ensure the correct stock items with HSN codes are selected.
   • The system automatically captures these in GST and HSN reports.
3. View HSN Summary
   • Navigate to Gateway of Tally → Display More Reports → Statutory Reports → GST → HSN/SAC Summary.
   • The report displays HSN-wise taxable values, tax amounts, and turnover.
4. Configure and Analyze
   • Use F12: Configure to filter by period, transaction type, or tax rate.
   • Drill down to analyze detailed invoices under each HSN.
5. Export or Print
   • Export in Excel or PDF for easy sharing.
   • Export in JSON format for direct use in GST portal.

Benefits of Enhanced HSN Summary in Tally Prime Gold

• Multi-User Collaboration: Different users can handle invoicing, data entry, and reporting simultaneously.
• Faster Compliance: Parallel work ensures reports are ready quickly, reducing last-minute rush during GST filing.
• Error-Free Reporting: Automated HSN tracking reduces manual effort and chances of error.
• Actionable Insights: Identify which HSN codes contribute most to revenue and plan purchases or pricing accordingly.
• Scalability: Suitable for medium to large businesses where multiple people handle accounts and compliance together.

Conclusion

The Enhanced HSN Summary in Tally Prime Gold is more than a compliance tool — it is a business management feature that fosters collaboration, accuracy, and efficiency. By enabling multiple users to access, update, and review HSN data simultaneously, Tally Prime Gold ensures faster reporting and smoother GST compliance. For growing businesses that require real-time insights and team collaboration, this feature proves invaluable in staying ahead of compliance requirements and business decision-making.