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mega debate 3B

Paramjeet Singh Gulati (Assistant) (221 Points)

18 August 2017

Lets discuss the compliance of unregistered purchases below 5000.

As per my opinion, it does not require any reporting in any of GST return, either its GSTR 3B OR GSTR 3.

some people saying its to be reported in point 5 of 3B...exempt inward supplies.

Now that point doesnot asks of threshold exemption details...it asks for exempt commodities.

pls discuss complete compliance of unregistered purchases below 5000.

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18 Replies

CA Altamush Zafar (GST Consultant) (15907 Points)
Replied 18 August 2017

Its an exempt supply and its an inward supply therefore will be shown under exempt supplies

1 Like

Paramjeet Singh Gulati (Assistant) (221 Points)
Replied 18 August 2017

ok Mr Zafar..
but what about GSTR 2..
Is there any column to show urd below 5k

CA Altamush Zafar (GST Consultant) (15907 Points)
Replied 18 August 2017

Yes there is
Point 7

1 Like

Paramjeet Singh Gulati (Assistant) (221 Points)
Replied 18 August 2017

ok let me see

Paramjeet Singh Gulati (Assistant) (221 Points)
Replied 18 August 2017

yes sir..u are right.

but gstr 2 entries are to be auto populated from suppliers invoice.

so we need to fill unregistered purchases manually?

RAJA P M ("Do the Right Thing...!!!") (127133 Points)
Replied 18 August 2017

@ Mr. Paramjeet Singh Gulati.,

First of I appreciate you for the discussion opens...

In my view.,

5. Values of Exempt, Nil rated and Non-GST supplies

1. Composition, Exempt & Nil Rate:

We ll show the details for Purchase of Exempted goods, Nil Rated Goods and Purchased from Composition dealer supplies only. We can't show the relaxation of Rs. 5000 ceiling limit. Don't want show this any where exept IT and GST Audit...

2. Non GST Supplies :

This column using for Non GST supplies like Petrol, Diesel, Electricity and Alcohol. But, The important points of "who is using this column...?"

This column uses only above said items related dealers/Mfg like Wine shop, Wind mills and Petrol bunks etc., They ll be using this column. Bcoz, They only deal above said supplies. Other wose it's Non GST to all others. So, The all other dealer don't want show the details in this column....

Thanks & Regards

P.M. RAJA

1 Like

CA Altamush Zafar (GST Consultant) (15907 Points)
Replied 18 August 2017

A lot of entries have to be done manually in gstr 2

RAJA P M ("Do the Right Thing...!!!") (127133 Points)
Replied 18 August 2017

(A lot of entries have to be done manually in gstr 2)
Yes I agreed......

Paramjeet Singh Gulati (Assistant) (221 Points)
Replied 18 August 2017

haha ! friends debate still no consensus...debate continues

Paramjeet Singh Gulati (Assistant) (221 Points)
Replied 18 August 2017

Following Mr.Raja approach and mine too...

unregistered purchases(only below 5000) need not to be reported anywhere in any GST return.

At the time of preparing final a/cs we can record these entries and analyse our expense section of P/L.

CA Altamush Zafar (GST Consultant) (15907 Points)
Replied 18 August 2017

Can I have the reason as to why it shouldn't be shown in the return.

Paramjeet Singh Gulati (Assistant) (221 Points)
Replied 18 August 2017

sir a small reason and a logic is that....

if its yes then...everyone would report a full 5000*30= 150000 expense per month ...to claim the cieling benefit...

Why would govt give so relaxed ways to reduce profits avoiding GST compliance.

Reason 2.
if its yes...then it means that our P/L account shall not reflect a single penny more than what shown in all GST Returns for the F.Y.
Expense booking under income tax act will be depended on GST compliance.

CA Altamush Zafar (GST Consultant) (15907 Points)
Replied 18 August 2017

Do you really think that if someone shows 150000 expense every month it will not come under scrutiny.

And do you know about GST Audit and Annual Return