exempted sales in gstr1
This query is : Resolved
07 September 2017
where entered exempted sales to register person in gstr1?please help me sir
21 July 2024
In GSTR-1, which is the return for outward supplies, you need to report exempted sales made to registered persons in the relevant sections. Exempt supplies refer to those supplies which are not subject to GST. Here’s how you can enter exempted sales in GSTR-1:
1. **Exempt Supplies to Registered Persons**: If you have made exempt supplies to registered persons (B2B transactions), you need to report them in Table 5 of GSTR-1. Here’s how you do it:
- In GSTR-1, after logging in to the GST portal, navigate to the section for "Outward Supplies" or "Sales".
- Look for Table 5: "Exempted (Other than Nil Rated and Non-GST)" under the section "Exempted".
- Enter the aggregate value of exempt supplies made to registered persons in the relevant tax period (monthly or quarterly, as applicable).
2. **Details to Provide**:
- You need to enter the details such as the GSTIN (GST Identification Number) of the recipient, invoice number, invoice date, and the taxable value of exempt supplies made.
- Ensure that you correctly classify the supply as exempted and not liable for GST.
3. **Filing GSTR-1**:
- After entering all the details correctly, review the information before submitting GSTR-1.
- Once submitted, a summary of the outward supplies, including exempt supplies, will be available for your records and for reconciliation with the GSTN.
4. **Other Considerations**:
- Exempted sales include supplies like goods or services that are exempt under GST law, such as certain agricultural products, educational services, etc.
- Make sure to maintain proper documentation of these exempt supplies for audit and compliance purposes.
Always refer to the latest guidelines and instructions provided by the GSTN (Goods and Services Tax Network) or consult with a GST professional to ensure accurate filing of GSTR-1 and compliance with GST regulations.
1. **Exempt Supplies to Registered Persons**: If you have made exempt supplies to registered persons (B2B transactions), you need to report them in Table 5 of GSTR-1. Here’s how you do it:
- In GSTR-1, after logging in to the GST portal, navigate to the section for "Outward Supplies" or "Sales".
- Look for Table 5: "Exempted (Other than Nil Rated and Non-GST)" under the section "Exempted".
- Enter the aggregate value of exempt supplies made to registered persons in the relevant tax period (monthly or quarterly, as applicable).
2. **Details to Provide**:
- You need to enter the details such as the GSTIN (GST Identification Number) of the recipient, invoice number, invoice date, and the taxable value of exempt supplies made.
- Ensure that you correctly classify the supply as exempted and not liable for GST.
3. **Filing GSTR-1**:
- After entering all the details correctly, review the information before submitting GSTR-1.
- Once submitted, a summary of the outward supplies, including exempt supplies, will be available for your records and for reconciliation with the GSTN.
4. **Other Considerations**:
- Exempted sales include supplies like goods or services that are exempt under GST law, such as certain agricultural products, educational services, etc.
- Make sure to maintain proper documentation of these exempt supplies for audit and compliance purposes.
Always refer to the latest guidelines and instructions provided by the GSTN (Goods and Services Tax Network) or consult with a GST professional to ensure accurate filing of GSTR-1 and compliance with GST regulations.
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