With reference to GSTR-1, in B2CL sheet we need to show inter-state supply to unregistered persons with amount more than 2,50,000.00. Rs. 2.50 lacs means yearly supply or per invoice value or per quarter supply? Please advise.
7 Replies
Mohammad Faheem
(Accountant)
(60 Points)
Replied 04 January 2018
Issued invoice value is more then 250000 to unregistered then it's mention to B2CL section
nitin
(accountant)
(27 Points)
Replied 30 May 2018
NO ALL ABOVE ANS. ARE WRONG B2CL HAPPENS WHEN INVOICE VALUE IS MORE THEN 2.5 LAKH TO UNREGISTERED DEALER WITH INTER STATE SALE
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 30 May 2018
| Originally posted by : nitin | ||
 |
NO ALL ABOVE ANS. ARE WRONG B2CL HAPPENS WHEN INVOICE VALUE IS MORE THEN 2.5 LAKH TO UNREGISTERED DEALER WITH INTER STATE SALE |
 |
Dear.,
Please read the query with 1st answer after with next answers...
Vinod Babu
(24191 Points)
Replied 30 May 2018
Taxable outward inter-state supplies to un-registered persons where the invoice value is more than Rs 2.5 Lakh.
sathyanarayanan
(MBA)
(29 Points)
Replied 02 April 2019
We understood that B2CL is to be mentioned for interstate sales Invoice value more than 2.5 lakhs to unregistered party details.
It is only for statistical purposes as per 3B return. However, it should be included in B2C value in 3B report.
We have adopted the same option while filing GSTR1 return. However, the department considered B2CL, B2CS and B2B for tax liability purposes.
Recent Topics
- Urgent doubt on GST
- Profit or Loss on Sale of Assets Accounting treatm
- Clarification on RCM on Rent Payment for QRMP Deal
- Reclaimed itc in gstr9
- Gamification in Accounting Software: Boosting Enga
- I want to knw Hsn code and gst rate of resin produ
- Schedule FA clarification
- Income tax on freelance income from crypto
- ITC temporary reversal and reclaim
- Query on Transactions
Related Threads
CAclubindia
