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purchase return effect in gstr 1 filling return

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5 Points Posted on 08 March 2018
can u please guide me for filling gstr 1 return & how purchase return effect during the period of filling gstr 1 return .
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On 08 March 2018 at 21:02 Report
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839 Points Posted on 08 March 2018
As per my personal opinion, Your Purchase return doesn't effect the GSTR1 because its related to OUTWARD supply, not you Purchases. Purchase return show in GSTR 2.

Its My personal opinion, if anybody have different view then views are welcome. thanks. Disclaimer: its not Professional Advice.
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On 08 March 2018 at 22:59
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5 Points Posted on 08 March 2018
but there is a 1 question if it not effect to gstr 1 then we r liabale to pay tax because we set of the outward supply tax & inward supply tax.
please guild me about this.
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On 08 March 2018 at 23:24
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839 Points Posted on 09 March 2018
As per My personal opinion, No tax liability occurred at the time of GSTR-1 because we have to pay tax at the time GSTR 3b.

Its my personal opinion, if anybody have different view then views are welcome. thanks. Disclaimer: its not Professional Advice.
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On 09 March 2018 at 10:09
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5 Points Posted on 09 March 2018
ok Thank u.
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On 09 March 2018 at 10:37
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FINANCIAL ACCOUNTANT
458 Points Posted on 09 March 2018

Tax liability occur when you furnish the GSTR3B. GSTR 1 is for uploading output details, means sale details. While filling GSTR2 , you can show the purchase return details...

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On 09 March 2018 at 10:41


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