Save Rs 588 on a 2-Year Ad-Free CAclubindia Pro Membership. Subscribe Now!

Bank charges with gst and gstr-3b

621 views

Save Share

Join Us Follow Us Add as Source

Haribhai Prajapati

23 Points Posted on 18 March 2021

1 my bank charges rs 5.70 as bank charges including gst.

2 we do not know how much taxable amout and how much gst

3 we do not know gst rate

4 we do not want to claim itc due to small amount

5 we have not supplied our gst no to bank

6 bank has not up loaded any taxable invoice on gst portal

7 we do not find any details in gstr 2a and gstr 2b

8 also we do not want to clain itc

9 question does not arise to clain itc and show as ineligible itc.

9 IN SHORT my question is WHERE THE AMOUNT RS 5.70 IS TO BE SHOWN IN gstr-3b ?

Replies (3)

Quick Summary

This discussion seeks clarification on how to report small bank charges that include GST on the GSTR-3B return. The user is unsure about the taxable amount and GST rate, and does not wish to claim Input Tax Credit (ITC) due to the small value. The core question is where this Rs 5.70 amount, inclusive of GST, should be reflected in the GSTR-3B, especially to reconcile accounting figures with the return.

kanchan

student

26 Points Posted on 18 March 2021

Expense out in tally

Pragnesh Patel

22 Points Posted on 18 March 2021

No need to show in gstr 3b

Haribhai Prajapati

23 Points Posted on 18 March 2021

1 Any goods or service purchase is either taxable, exempt, nil rated, zero rated, non gst OR other wise non gst.

2 my amount rs 5.70 is total value with gst. ( taxable value with gst also gst rate is not known)

3 to match all figures of purchase with tally account, all purchases should be reflacted some where in gstr 3b other wise accounting and return figures will differ

5 I am in opnian that you are trying to say it must be excluded while preparing gstr 3b, but i cant find any rules like such transaction.

6 pl quote any rulling is avilable