1. Where to show Nil rated sales to B2B in Gstr 1 whether in Table 4 or Table 8?
2. When the Nil rated sales are made to B2B along with taxable goods where should it be shown in Gstr1 whether in Table 4 or Table 8, and if in Table 8 how the gstin of the buyer to be shown ?
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Nil rated Sales made to B2B
Replies (3)
1. Nil rated u have to disclose in Table 8 as Nil rater inter state or intra state supply.
2. When u r marking both the type of sales in one invoice u have to disclose it under Table 4 as rate of tax zero and have to reverse the common ITC in proportion of the supply.
2. When u r marking both the type of sales in one invoice u have to disclose it under Table 4 as rate of tax zero and have to reverse the common ITC in proportion of the supply.
For purely nil rated invoices use table 8
Where in an invoice both taxable and nil rated supplies are made then use table 4
Thank you
If B2B Nil rated sales are shown in table 8 how could it be reflected to the buyer gstin?
And should the nil rated goods shown in table 4 along with taxable goods be seperated to nil rated sales row in Gstr 3b(where mismatch in values between Gstr1 and gstr3b occurs) or to be entered to taxable supplies row?
If B2B Nil rated sales are shown in table 8 how could it be reflected to the buyer gstin?
And should the nil rated goods shown in table 4 along with taxable goods be seperated to nil rated sales row in Gstr 3b(where mismatch in values between Gstr1 and gstr3b occurs) or to be entered to taxable supplies row?
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