I want to know whether Table 5 - Exempt, nil & Non GST inward supplies of GSTR 3B compulsory to filled in FY 24-25.
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Quick Summary
This discussion clarifies whether Table 5 of the GSTR 3B, which details exempt, nil, and non-GST inward supplies, is compulsory for the financial year 2024-25. It confirms that reporting these categories is mandatory to ensure accurate reconciliation of inward and outward supplies and maintain GST compliance. The article also explains what each category entails and offers a practical tip to enter 'zero' or 'nil' values even if no such supplies exist, to prevent system errors. It touches upon the repercussions of missing these details and the possibility of correction.