Effect of pure agent in GSTR 1
destination for distinction (1 Points)
10 May 2021
how to file gstr 1 incase of pure agent
13 Replies
Masal Vadai
(21 Points)
Replied 27 December 2021
I also want to know where the pure agent should show in GSTR1 & GSTR3B. Eg.Customs Duty
CA Akshay Hiregange
(Partner - Audit & Assistance)
(4825 Points)
Replied 28 December 2021
Invoice value - Rs. 1,00,000 (incl. 20k of pure agency value)
Taxable value - Rs. 80,000
Taxes 18% on Rs. 80,000 shown under CGST+SGST/IGST
In the invoice, 20,000 pure agent reimbursement can be shown below the line with descripttion.
Hope this helps.
Masal Vadai
(21 Points)
Replied 28 December 2021
Thank you for the reply. As per your comment Invoice value 80,000 + Get 18%. Then That 20,000 where should I show in GSTR1 & GSTR3B ? Or Not to be shown?
CA Akshay Hiregange
(Partner - Audit & Assistance)
(4825 Points)
Replied 28 December 2021
Include it only in 'Invoice Value'. There is no separate place available. So INVOICE VALUE - 1,00,000 + GST amount.
Masal Vadai
(21 Points)
Replied 28 December 2021
We cant able to show total value Rs.1,00,000/- + GST in GSTR3B. If we show it will get Tax for whole 1,00,000/-.
CA Akshay Hiregange
(Partner - Audit & Assistance)
(4825 Points)
Replied 28 December 2021
The question was for GSTR 1 and my answer was for GSTR 1. In GSTR 3B you will have to disclose 80,000 + GST only.
Masal Vadai
(21 Points)
Replied 28 December 2021
In GSTR1 Rs.80,000 + GST So the Rs.20,000 Pure agent comes under NIL RATED INVOICES - 8A, 8B, 8C, 8D = Total invoice value Rs.1,14,400/-
In GSTR3B Rs.80,000 + GST (C) Other outward supplies (nil rated, exempted) Rs.20,000/-
IS IT RIGHT?
CA Akshay Hiregange
(Partner - Audit & Assistance)
(4825 Points)
Replied 28 December 2021
No. It is not NIL Rated, so do not show as such in GSTR 1 & 3B.
Show under 'Invoice Value' in GSTR 1 only. This option is available only for B2B and not there in B2C. There is no option to display invoice value in GSTR 3B. So the pure agent reimbursement need not be shown there.
GSTR1 & 3B will have taxable value + GST. Invoice must have the details nevertheless. In accounting ensure that such reimbursements are considered as assets which are set off upon receipt of amounts from customers.
Masal Vadai
(21 Points)
Replied 28 December 2021
Can I make invoice Two invoice :
One invoice in excel for customer 80000 + GST + Pure agent = Rs.1,14,400/-
Second invoice in software for GST 80000+GST = Rs.94,400/- + Journal entry to adjust the bank receipt with details of pure agent (Debtor Dr 20,000/- & Bank Cr 20,000/-)
Is it right?
CA Akshay Hiregange
(Partner - Audit & Assistance)
(4825 Points)
Replied 28 December 2021
If system is not allowing then yes. But suggest not to have such processes and raising invoice outside system leads to internal control lapse. Suggest to amend your system and design as per your needs in line with the law. Take help of experts where required.
Masal Vadai
(21 Points)
Replied 29 December 2021
Raising invoice from outside system leads collapse but is my below working right?
Second invoice in software for GST 80000+GST = Rs.94,400/- + Journal entry to adjust the bank receipt with details of pure agent (Debtor Dr 20,000/- & Bank Cr 20,000/-)
Bhavika Kothari
(CA)
(1258 Points)
Replied 21 January 2022
Pure agent invoices need not be shown in GSTR-1. Also, these need not be included in turnover. this article will help you understand everything about GSTR 1. https://irisgst.com/form-gstr-1-everything-you-need-to-know-about-it/
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