Gstr-3b export under lut and input service credit


Accounts Admin

Dear sir,

I have a company working for a foreign customer providing software development and support services.

I have taken already LUT (letter of undertaking) & opted for quarterly returns as my turnover is limited.

  • I have monthly one or two invoices raised to the foreign clients which i raise under LUT without paying IGST.
  • I work from a co-working space and get a monthly GST invoice for the rent and other services

Please correct me if I am wrong about filing GSTR-3B

Am I correct that ?

  1. I have to fill the total amount of invoice i raised previous month in the 3.1(B) Outward Taxable Supply (Zero Rated) and the IGST to be 0 ?
  2. In the eligible ITC I put my rent amount and GST details in section A(5) under All Other ITC

I will be thankful if you clear my above queries.

 

 

 

 

 
Reply   
 

Yes, it is correct.
(a) turnover to be shown in table 3.1(b) without IGST amount as supply is under LUT.
(b) ITC in table 4A(5).

Refund could be availed of unutilised ITC.
You may also look for SEIS benefits under FTP
 
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