Gstr3b return for jewellers
This query is : Resolved
12 March 2018
My question is, if we file GSTR3B for jewellers, is it compulsory to disclose details of URD (from customers, The old jewellery given by the Customer does not constitute supply under GST law. As per section 7 of the CGST Act, one of the essential elements of supply is furtherance of business of the person making the supply. In the instant case, sale of personal jewellery by a customer does not constitute furtherance of business by the customer.)
according to this rules for jewellery business, is it still mandatory to show URD PURCHASE in TABLE 5.0 IN GSTR3B? OR IN OTHER TABLE?
according to this rules for jewellery business, is it still mandatory to show URD PURCHASE in TABLE 5.0 IN GSTR3B? OR IN OTHER TABLE?
13 March 2018
You may show URD purchase as exempt inward supplies as of now in 3B.
13 March 2018
but is there entry for taxable amount? and in which table I can do this entry? and We have to do entry for EXPENSES which invoices are GST INVOICE? and opposite to this can we have to do entry for expenses which are without GST INVOICE? Like i. e(petrol exp, travelling, miscellaneous exp)
27 July 2024
When filing GSTR-3B for businesses such as jewelers, the treatment of various transactions—including URD (Unregistered Dealer) purchases and expenses—needs to be handled carefully. Here's a detailed breakdown of how to handle these aspects:
### **1. URD (Unregistered Dealer) Purchases in GSTR-3B**
#### **Understanding URD Purchases**
- **URD Purchases**: Refers to purchases from unregistered suppliers. Under GST, if you receive goods or services from an unregistered person, you may need to pay GST under the Reverse Charge Mechanism (RCM) and report these in GSTR-3B.
#### **Disclosure of URD Purchases**
- **Table 5.0 of GSTR-3B**:
- **Table 5**: In GSTR-3B, URD purchases need to be reported in **Table 5**. This table is specifically for reporting input tax credit (ITC) and other details.
- **Sub-table 5.1**:
- **Details**: In Table 5.1, you should report details of purchases from unregistered suppliers where GST is payable under RCM.
- **Taxable Amount**: Enter the taxable value of URD purchases and the applicable GST. You’ll also need to include the corresponding GST amount in the appropriate columns for CGST, SGST, and IGST.
- **Table 5.2**:
- **Expenses**: Enter details of any other expenses related to URD purchases in this section if they need to be reported.
#### **Specific Entries**
- **Taxable Amount**: Report the taxable amount in the respective columns under Table 5.1 for URD purchases.
### **2. Entry for Expenses**
#### **GST Invoices**
- **Reporting Expenses with GST Invoices**:
- **Table 5.1**:
- **Input Tax Credit (ITC)**: Expenses for which you have GST invoices (e.g., GST on petrol, traveling, miscellaneous expenses) should be reported in **Table 5.1** under **Input Tax Credit**.
- **Entry**:
- **Taxable Value**: Enter the taxable value of the expenses.
- **GST Amount**: Enter the GST paid on these expenses (CGST, SGST, IGST as applicable).
#### **Expenses Without GST Invoices**
- **Reporting Non-GST Invoices**:
- **Table 5.1**:
- **Non-GST Expenses**: If there are expenses for which you don’t have GST invoices (e.g., petrol, travel), these should not be included in the ITC claim since no GST is charged on these invoices.
- **Disclosure**:
- Such expenses are typically not entered in GSTR-3B if they do not have GST invoices, as ITC cannot be claimed on non-GST expenses.
### **Summary**
1. **URD Purchases**:
- **Table 5.1**: Report URD purchases under RCM here. Include both taxable value and GST amounts.
2. **Expenses**:
- **With GST Invoices**: Report these expenses in **Table 5.1** for claiming ITC, including the taxable amount and GST paid.
- **Without GST Invoices**: Typically not included in GSTR-3B as ITC cannot be claimed on such expenses.
### **Further Steps**
- **Review Regulations**: Ensure compliance with GST regulations and review any specific instructions or amendments related to URD purchases and expenses.
- **Consult GST Professionals**: For precise and detailed guidance, especially for complex transactions or business-specific scenarios, consult with a GST professional or tax advisor.
By accurately reporting URD purchases and handling expenses properly, you ensure that your GSTR-3B filing is compliant with GST regulations and avoids potential issues with tax authorities.
### **1. URD (Unregistered Dealer) Purchases in GSTR-3B**
#### **Understanding URD Purchases**
- **URD Purchases**: Refers to purchases from unregistered suppliers. Under GST, if you receive goods or services from an unregistered person, you may need to pay GST under the Reverse Charge Mechanism (RCM) and report these in GSTR-3B.
#### **Disclosure of URD Purchases**
- **Table 5.0 of GSTR-3B**:
- **Table 5**: In GSTR-3B, URD purchases need to be reported in **Table 5**. This table is specifically for reporting input tax credit (ITC) and other details.
- **Sub-table 5.1**:
- **Details**: In Table 5.1, you should report details of purchases from unregistered suppliers where GST is payable under RCM.
- **Taxable Amount**: Enter the taxable value of URD purchases and the applicable GST. You’ll also need to include the corresponding GST amount in the appropriate columns for CGST, SGST, and IGST.
- **Table 5.2**:
- **Expenses**: Enter details of any other expenses related to URD purchases in this section if they need to be reported.
#### **Specific Entries**
- **Taxable Amount**: Report the taxable amount in the respective columns under Table 5.1 for URD purchases.
### **2. Entry for Expenses**
#### **GST Invoices**
- **Reporting Expenses with GST Invoices**:
- **Table 5.1**:
- **Input Tax Credit (ITC)**: Expenses for which you have GST invoices (e.g., GST on petrol, traveling, miscellaneous expenses) should be reported in **Table 5.1** under **Input Tax Credit**.
- **Entry**:
- **Taxable Value**: Enter the taxable value of the expenses.
- **GST Amount**: Enter the GST paid on these expenses (CGST, SGST, IGST as applicable).
#### **Expenses Without GST Invoices**
- **Reporting Non-GST Invoices**:
- **Table 5.1**:
- **Non-GST Expenses**: If there are expenses for which you don’t have GST invoices (e.g., petrol, travel), these should not be included in the ITC claim since no GST is charged on these invoices.
- **Disclosure**:
- Such expenses are typically not entered in GSTR-3B if they do not have GST invoices, as ITC cannot be claimed on non-GST expenses.
### **Summary**
1. **URD Purchases**:
- **Table 5.1**: Report URD purchases under RCM here. Include both taxable value and GST amounts.
2. **Expenses**:
- **With GST Invoices**: Report these expenses in **Table 5.1** for claiming ITC, including the taxable amount and GST paid.
- **Without GST Invoices**: Typically not included in GSTR-3B as ITC cannot be claimed on such expenses.
### **Further Steps**
- **Review Regulations**: Ensure compliance with GST regulations and review any specific instructions or amendments related to URD purchases and expenses.
- **Consult GST Professionals**: For precise and detailed guidance, especially for complex transactions or business-specific scenarios, consult with a GST professional or tax advisor.
By accurately reporting URD purchases and handling expenses properly, you ensure that your GSTR-3B filing is compliant with GST regulations and avoids potential issues with tax authorities.
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