Reporting of expenses - gst return

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This query is : Resolved

Jatin (Querist)

21 November 2017 Dear Experts,

Is it mandatory to report expenses like interest on loan, Purchase Books, Petrol / Diesel, Electricity expenses, Salary in GSTR 3B.

Regards,
Ramesh

RAJA P M

RAJA P M (Expert)

21 November 2017 No need....

Message likes : 2 times

Jatin

Jatin (Querist)

21 November 2017 Thank you very much Raja P M Sir,

Raja Ji, Some experts advise, to mention expenses in GSTR3B Return - Table 5 are mandatory for example petrol / diesel to be show in non-GST supplies.

Iam very confused. What should i do (Report or not)

Your stand is very clear about reporting of expenses not required in your many replies for other same queries.

Please advise me, what should i do. (We are run a Pvt. Tuition Centre)

Regards,
Ramesh

Message likes : 1 times

RAJA P M

RAJA P M (Expert)

21 November 2017 The Petrol, Diesel, Electricity and Alcohol is declared as Non-GST Supplies under GST.
It's common use for "People/Consumers/End Users" and the "People/Consumers/End Users" can't claim Input Credit in Previous Tax Regime and GST Regime. So, I think it's called "Non-GST Supplies".

Who deal the products as "Business" they can show it in GSTR 3B. Otherwise no need... These are not Supplies to others hands...

Jatin

Jatin (Querist)

21 November 2017 Thank you very much Raja P M Sir,

One more query sir, is it mandatory to report ineligible ITC in GSTR3B Return like GST paid on Restaurant Bill, Car Insurance paid by Firm.

Regards,
Ramesh

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