Gstr3b

Kunal Pansari

Accountant

1037 Points Joined March 2014

Is these expenses with GST or Exempt?

prasad Nilugal

3924 Points Joined December 2017

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.

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

15022 Points Joined March 2014

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

Kunal Pansari

Accountant

1037 Points Joined March 2014

Electricity Bills and Fuels will come under NON GST

Jatin

Accountant

3479 Points Joined August 2014

is it mandatory to show expenses in exempt inward supply

Vinod Babu

24196 Points Joined May 2018

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

subhagan sreerangam

7059 Points Joined January 2017

Nice explanation like it

CA Naveen Chand

Chartered Accountant

12739 Points Joined December 2016

SHOW IN EXEMPT IF EXEMPT

Guru Manohar

Assistant Manager

53 Points Joined December 2017

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 Joined December 2017

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%.