Gstr-1

This query is : Open

Rakesh Sharma (Querist)
Follow

31 August 2017 Dear Experts,

1) Should we include payment through Bank or Cash to supplier in "Payment Voucher" and same serial numbers to be
entered in GSTR-1.
2) Should we enter all our expenses details, whether exempted, Non-GST, under RCM & below RCM limit u/s 9(4).
Moreover, should we enter wages, salary, director's remuneration in GSTR-1.

Please advise.

Regards,

Rakesh Sharma

RAJA P M

RAJA P M (Expert)
Follow

31 August 2017 1. You can't show the payment in GSTR except Advance refund... 2. Yes. You should enter the taxable transactions and RCM related transactions. Don't be enter salary, wages, remuneration, Fuel expenses, electricity and some employer and employee relationship expenses...

Rakesh Sharma

Rakesh Sharma (Querist)
Follow

31 August 2017 Sir, as per point no. 1, we don't need to issue payment vouchers against payment of expenses, purchase in cash or through bank.

Rakesh Sharma

Rakesh Sharma (Querist)
Follow

31 August 2017 so, on what cases, we have to issue payment vouchers. please advise sir.

Rakesh Sharma

Rakesh Sharma (Querist)
Follow

31 August 2017 Moreover, on what cases, we have to issue receipt vouchers.

RAJA P M

RAJA P M (Expert)
Follow

01 September 2017 No bro.... Don't be confused... You can continue your all transactions as usual. It means as previous Tax regime's. You can prepare vouchers of cash payment, Cash receipt, Bank payment and Bank receipts... What is your exact activity under GST... In case you receive any Advances for supply related then you can pay tax under GST. You can maintain specifically vouchers for using reference number. And in case you don't supply above said advance then you ll be refund the advance. You can prepare payment voucher as per GST reference as against. Then you ll show it in return......

Rakesh Sharma

Rakesh Sharma (Querist)
Follow

01 September 2017 sir, suppose we have issued 100 payment vouchers in July month. So we mention all the 100 vouchers included advance refunded voucher. please advise

Rakesh Sharma

Rakesh Sharma (Querist)
Follow

01 September 2017 so we have to show all these 100 Vouchers in GSTR-1

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now