0% gst

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dharmender (Querist)
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14 June 2018 My Client sales Goods @ 0% to register and un register persons . Should i need to show in B2B for register person under 0% tax or not? and what to do for unregistered person.

CA Padmasri Manyam

CA Padmasri Manyam (Expert)
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14 June 2018 Supply of goods to registered person, taxable as Nil rate has to be shown under Table 4 of GSTR-1 (b2b).
Supply of goods to unregistered person, taxable as Nil rate has to be shown under Table 7 of GSTR-1 (b2c)-Intra state supplies.
In GSTR-3B under table 3(a).

dharmender

dharmender (Querist)
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14 June 2018 ok...thanks...i have done the same.....where as he also purchase 0% GST goods, but it was not reflected in GSTR-2A.... I dont know why the counter party was not filing for 0% taxable goods. shall i tell them to file even 0%GST goods.

CA Padmasri Manyam

CA Padmasri Manyam (Expert)
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14 June 2018 Yes. you can tell them to upload in GSTR-1. However, in this case there is no input tax credit, since the tax rate is Nil. Therefore, they is no requirement to check the details in Form GSTR-2A. As per law the details of nil rated also has to be disclosure in GSTR-1

dharmender

dharmender (Querist)
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14 June 2018 K.... Thanks......I ahve one more doubt regarding the ITR -1 ... I filed ITR-1 for FY 2016-17 before due date only....
I got Intimation u/s 143(1) to pay tax of Rs. 200 /-
Actually i have not taken Bank Interest for Rs. 1891 /- and Tds for the same .while filing. however it showing that same interest In 26AS with TDS .
while computation of Tax u/s 143(1) by income tax department have taken only Interest part but not the TDS amount.
My doubt is what is the detailed procedure. for this ....

CA Padmasri Manyam

CA Padmasri Manyam (Expert)
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14 June 2018 Revise your return and consider the interest income as well as TDS. You can do that in online only.

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