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ITC GSTR3B

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others
51 Points Joined July 2014
Raw material is taxable and Final product is exempted in that issue paid Gst on raw material how it effects in gstr3b return
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On 07 December 2018 at 14:49 Report
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Corporate Law Matters & Taxation
565 Points Joined November 2017

Claim ITC and show turnover in table 3.1 in head named as "Other outward upplies- nil rated, exempted"

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On 07 December 2018 at 14:54
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others
51 Points Joined July 2014
we don't want ITC BCZ Final product is exempted so how do it
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On 07 December 2018 at 14:56
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CA Final student
7106 Points Joined April 2018
you cannot claim ITC of rawmaterial as your final product is exempted.


i think you don't have to show itc any nowhere
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On 07 December 2018 at 15:22
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others
51 Points Joined July 2014
No sir then the books of account and Gst returns will not match and in 2A it will reflect the ITC so wt to do about that itc amount
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On 07 December 2018 at 15:24
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"Do the Right Thing...!!!"
128147 Points Joined January 2015
reverse the ITC in GSTR 3B return...
As per books of accounts You can transfer the tax amount to Purchase account...
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On 07 December 2018 at 15:28
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Corporate Law Matters & Taxation
565 Points Joined November 2017
You can't claim ITC and show turnover in table 3.1 in head named as "Other outward supplies- nil rated, exempted". If you are 100% exempted goods supplier, you are not required to acquired GST, irrespective of turnover.
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On 07 December 2018 at 15:30
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others
51 Points Joined July 2014
k sir but any section or any notifications on this issue
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On 07 December 2018 at 15:31
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Corporate Law Matters & Taxation
565 Points Joined November 2017
Originally posted by : shrishail patil
k sir but any section or any notifications on this issue

Please refer cbec faq

https://cbec-gst.gov.in/faq.H T M L

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On 07 December 2018 at 15:34

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