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Reporting in GSTR3B
I purchase goods from unregistered dealer u/s 9(4) , should I reported as exempted purchase in GSTR-3B ?
Replies (10)
yes, you must report it in 3B in table 5
yes you should show it as exempt inward supplies
it must be or should be?
actually it must be... (from compliance point of view) but a lottt of registered dealers are not showing it in 3b unaware of the fact......
but how it is exempted purchase? because sale is taxable for the same.
actually there is a partial exemption in sec 11 of cgst act with respect to purchases from unregistered dealer upto a value of 5000 per day above which rcm is applicable as the rcm for purchases from urd is defered till 30th sept 2019.... total supplies from urd can be treated as exempt. (just an opinion)
Agree with your view Mr Ajay kumar.
Urd purchase attracts no GST, so it will be nil rated.
Urd purchase attracts no GST, so it will be nil rated.
Purchase from urd has been excempted under section11(1).
excempted purchase need to be reported in 3b
excempted purchase need to be reported in 3b
Yes, you can report the Unregistered purchases in 3B.
Yes you must report this value table 5 in GSTR3B
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