REFURBISHED MOBILE SALES
This query is : Resolved
Quick Summary
28 March 2023
Dear Experts,
My query is not solved by any experts.
Please solve my problem.
My query is in B2C Supply of refurbished mobile phones:-
Sale value of mobiles = Rs. 2,00,000
Taxable Value = Rs. 4,000 (Profit Margin) Therefore CGST(9%) = Rs. 360 and SGST(9%) = Rs. 360
Invoice value of mobiles = Rs. 2,00,720
How will take this figures in GSTR-1 ?
Reply by one experts = Take Rs. 4,000 in B2C others column and no need to show any figures anywhere in GSTR-1.
Reply by second experts = Take Rs. 4,000 in B2C others column and also take Rs. 2,00,000 in exempted sale column in GSTR-1.
Please solve my above query, I am getting very confused about above replies and which reply is correct.?
Thanks in advance....
My query is not solved by any experts.
Please solve my problem.
My query is in B2C Supply of refurbished mobile phones:-
Sale value of mobiles = Rs. 2,00,000
Taxable Value = Rs. 4,000 (Profit Margin) Therefore CGST(9%) = Rs. 360 and SGST(9%) = Rs. 360
Invoice value of mobiles = Rs. 2,00,720
How will take this figures in GSTR-1 ?
Reply by one experts = Take Rs. 4,000 in B2C others column and no need to show any figures anywhere in GSTR-1.
Reply by second experts = Take Rs. 4,000 in B2C others column and also take Rs. 2,00,000 in exempted sale column in GSTR-1.
Please solve my above query, I am getting very confused about above replies and which reply is correct.?
Thanks in advance....
CA R SEETHARAMAN
(Expert)
28 March 2023
Take Rs. 4,000 in B2C others column and also take Rs. 2,00,000 in exempted sale column in GSTR-1.
Message likes :
1 times
30 March 2023
VERY VERY THANKS SIR NOW I WILL FILE JAN TO MARCH RETURN IN CORRECT MANNER AS GUIDED BY YOU. BUT IN SEP TO DEC QUARTER RETURN, I HAVE FILED MY INCORRECT RETURN AS REPLY BY ONE EXPERTS.
30 March 2023
DEAR SIR, MY ANOTHER AND LAST QUERY IS INCOICE VALUE IS RS, 2,00,720 BUT TREATMENT IN GSTR-1 SALE WIL BE DECLARED RS. 2,04,000. Is this correct?
CA R SEETHARAMAN
(Expert)
31 March 2023
No declare 2,00,720 as 1,96,000 exempt 4000 taxable and GST 720
Message likes :
1 times
06 April 2023
Sir you are saying:-
196000 in exempted column in gstr-1
4000 in b2c others column in gstr-1..
Please reply must...
196000 in exempted column in gstr-1
4000 in b2c others column in gstr-1..
Please reply must...
CA R SEETHARAMAN
(Expert)
06 April 2023
Yes you are right...
...
...
Message likes :
1 times
CA R SEETHARAMAN
(Expert)
07 April 2023
You are welcome...
..
..
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