Sir,
Where we fill exempted supply data in GSTR 1 if buyer is registered in GST
7 Replies
Mondira Saha
(GST)
(3925 Points)
Replied 29 December 2018
if buyer is registered and he issue bill of supply then show this invoice in column 4 B2B invoice select tax percentage 0
Ravi SADhiyan
(Practice)
(4510 Points)
Replied 29 December 2018
| Originally posted by : Mondira Saha | ||
 |
if buyer is registered and he issue bill of supply then show this invoice in column 4 B2B invoice select tax percentage 0 |  |
0 % is not exempted supply
Pankaj Sir is Right
shailendra shukla
(Bhopal)
(1741 Points)
Replied 29 December 2018
Exempt supply is defined in section 2(47) of GST Act.
(47) "Exempt supply" means supply of any goods or services or both which attracts nil rate of tax or which may be wholly exempt from tax under section 11, or under section 6 of the Integrated Goods and Services Tax Act, and includes non-taxable supply.
she is still right it includes nil rated supplies i.e 0%. no clarification has been given till now for this blunder....
(47) "Exempt supply" means supply of any goods or services or both which attracts nil rate of tax or which may be wholly exempt from tax under section 11, or under section 6 of the Integrated Goods and Services Tax Act, and includes non-taxable supply.
she is still right it includes nil rated supplies i.e 0%. no clarification has been given till now for this blunder....
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 30 December 2018
When there is Table 8 define to report Exempted & nil rated supplies then why to show it under B2b ... even if its supplied to Registered person ..
GST return format is for matching ITC only & exempted supplies can be shown in table 8.
As GSTR 2 not get started else recepient would have reported all such exempted inward supplies in table 7 of GSTR 2
GST return format is for matching ITC only & exempted supplies can be shown in table 8.
As GSTR 2 not get started else recepient would have reported all such exempted inward supplies in table 7 of GSTR 2
Mondira Saha
(GST)
(3925 Points)
Replied 30 December 2018
as per our invoice issue to B2B not matter its exempt ... we have to show it in B2B column
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