Menu
ITC GSTR3B
Raw material is taxable and Final product is exempted in that issue paid Gst on raw material how it effects in gstr3b return
Replies (8)
Claim ITC and show turnover in table 3.1 in head named as "Other outward upplies- nil rated, exempted"
we don't want ITC BCZ Final product is exempted so how do it
you cannot claim ITC of rawmaterial as your final product is exempted.
i think you don't have to show itc any nowhere
i think you don't have to show itc any nowhere
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
reverse the ITC in GSTR 3B return...
As per books of accounts You can transfer the tax amount to Purchase account...
As per books of accounts You can transfer the tax amount to Purchase account...
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.
k sir but any section or any notifications on this issue
| 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
Recent Topics :
- How do you collect documents from clients for ITR
- GST ITC on Construction/ Tenant Specific Renovatio
- GST Treatment and Reporting of Share & Mutual
- AGM Defective Notice
- IMS Rejection of Sales and Sales return
- Taxation of Gift - Father to Daughter
- TDS on Property Purchased above 50lakh
- Accounting Treatment in Tally for Restaurant Sales
- Form 146 required
- Rule 86(B) Applicability
Related Topics :
CAclubindia
