My Client is a Hospital, exempted from registration under GST. However to make payment under RCM it has taken registration under GST. Now is it mandatory to file GSTR-1 & GSTR-3B showing its Non GST outward supply? or Just file GSTR-3B showing it's RCM GST liability? Will there be any non compliance and risk if we file GSTR-3B without showing Non GST Supply? Thanks in Advance!
07 January 2020
Showing of exempted supplies mandatory as the returns as per Act and prescribed under rules, even while filing annual returns also need to reconciled with the financials.
Penalty can also be possible under section 122 Falsifying or substituting financial records, producing fake accounts and/or documents, or furnishing a false return etc .
Better show it on monthly basis, if not possible atleast on quarterly basis.
CAclubindia
