In gstr 1 where we have to menntion taxfree sales ?
In box 4A, 4B, 4C, 6B, 6C - B2B Invoices @ 0% or 8A, 8B, 8C, 8D - Nil Rated Supplies ?
If we filed in box 8A, 8B, 8C, 8D - Nil Rated Supplies then how our party will know about thair purchase.
Menu
Taxfree sales in gstr1
Replies (3)
GST Concept is matching of Outward Tax with Inwards Tax , not of matching purchase value , so it's better to provide such sale in table 8 only
.
.
As per GST rule it will shown the Nil Rated and Exempted column...
Also GST rule says Exempted goods will be supply "Bill of Supply" without tax Invoice...
*** Buyer can't avail any input based on "TAX INVOICE" if supplies is exempted...
Also GST rule says Exempted goods will be supply "Bill of Supply" without tax Invoice...
*** Buyer can't avail any input based on "TAX INVOICE" if supplies is exempted...
Yes ,.. In table 4 there is no feild or option to record such sales & moreover a separate table 8 Is provided in GSTR 1,& the option "Exempted Supply made to registered Taxpayer" therein
Recent Topic
- Sec 54 exemption
- Query regarding retirement benefits
- TDS Payment and filing
- Capital gains exemption under sec 54
- Revamped traces portal, conso file download failed
- Due date of ITR for Option Trader
- Cancelled invoice entry
- Debt Mutual Fund Tax in New Regime
- Amount distributed by a Co-op. Hsg Society to its
- Delayed reported invoice in GSTR1
Related Topics
CAclubindia
