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Gstr3b

23 September 2018

where can I show expenses such as Bank charges, electricity charges, Bank interest, printing and stationary, salary, staff welfare , telephone expenses, car maintenance etc.

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11 Replies

Kunal Pansari (Accountant) (1037 Points)
Replied 23 September 2018

Is these expenses with GST or Exempt?

prasad Nilugal (3914 Points)
Replied 23 September 2018

Under Indirect expense in Profit and loss account ,if you received bank interest it will be indirect income or if you paid interest it's indirect expense.

Kunal Pansari (Accountant) (1037 Points)
Replied 23 September 2018

If you have received invoices for these expenses with GST and those invoices carry your GSTN, then you will show only the tax amounts in "All other ITC" in their respective heads. Else show it in "Exempt Inward Supply".

prasad Nilugal ( GST Practitioner & Accounts ) (14217 Points)
Replied 23 September 2018

Ho I am sorry , he is asking ITC in 3B .

Kunal Pansari (Accountant) (1037 Points)
Replied 23 September 2018

Electricity Bills and Fuels will come under NON GST

Jatin (Accountant) (3479 Points)
Replied 23 September 2018

is it mandatory to show expenses in exempt inward supply

Vinod Babu (24191 Points)
Replied 23 September 2018

Yes Prasad sir, query related to Show expenses in 3B.
Even salary and staff welfare is also not under gst.

subhagan sreerangam (7039 Points)
Replied 23 September 2018

Nice explanation like it

CA Naveen Chand (Chartered Accountant) (12729 Points)
Replied 24 September 2018

SHOW IN EXEMPT IF EXEMPT

Guru Manohar (Assistant Manager) (53 Points)
Replied 24 September 2018

There is diff between, Expense come under GST or not GST.

For example: Salary is not under GST, Penalties paid Govt, fuel exp (those not taxed as per GST Act) etc. - These type of expenses you no need to show any where in GST returns.

and on other hand some expenses are under GST perview but declared as NIL rated (Specific supplies) / Exempted / Zero rated suplies. For example: Supllies to SEZ/Exports are zero rated. This kind of supplies you are required to show in GST return even though supllies without GST.

Interest you pay is not a service and does not attract GST or any other tax so you are not required to show in return. However, any chargeable service such as home collection of interest, processing fees etc. attracts GST currently at 18%.

Guru Manohar (Assistant Manager) (53 Points)
Replied 24 September 2018

There is diff between, Expense come under GST or not GST.

For example: Salary is not under GST, Penalties paid Govt, fuel exp (those not taxed as per GST Act) etc. - These type of expenses you no need to show any where in GST returns.