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...
..
..
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Capital Gail Exemption Certificate
- Issuing of delivery challan by seller of goods
- Taxation of crypto futures in India Fy 2026- 2027
- Transfer of Physical Stock Between Two Proprietorship Concerns
- MSME disclosure and disallowance
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
