With reference to GSTR-1, in B2CL sheet we need to show inter-state supply to unregistered persons with amount more than 2,50,000.00. Rs. 2.50 lacs means yearly supply or per invoice value or per quarter supply? Please advise.
SSG (1936 Points)
04 January 2018With reference to GSTR-1, in B2CL sheet we need to show inter-state supply to unregistered persons with amount more than 2,50,000.00. Rs. 2.50 lacs means yearly supply or per invoice value or per quarter supply? Please advise.
Mohammad Faheem
(Accountant)
(60 Points)
Replied 04 January 2018
nitin
(accountant)
(27 Points)
Replied 30 May 2018
NO ALL ABOVE ANS. ARE WRONG B2CL HAPPENS WHEN INVOICE VALUE IS MORE THEN 2.5 LAKH TO UNREGISTERED DEALER WITH INTER STATE SALE
RAJA P M
("Do the Right Thing...!!!")
(127140 Points)
Replied 30 May 2018
| Originally posted by : nitin | ||
 |
NO ALL ABOVE ANS. ARE WRONG B2CL HAPPENS WHEN INVOICE VALUE IS MORE THEN 2.5 LAKH TO UNREGISTERED DEALER WITH INTER STATE SALE |
 |
Dear.,
Please read the query with 1st answer after with next answers...
Vinod Babu
(24191 Points)
Replied 30 May 2018
sathyanarayanan
(MBA)
(29 Points)
Replied 02 April 2019
We understood that B2CL is to be mentioned for interstate sales Invoice value more than 2.5 lakhs to unregistered party details.
It is only for statistical purposes as per 3B return. However, it should be included in B2C value in 3B report.
We have adopted the same option while filing GSTR1 return. However, the department considered B2CL, B2CS and B2B for tax liability purposes.
GST Live Certification Course (39th Batch) - April 2024 (Weekend Batch) (With Certificate)
"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"
CAclubindia
