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Where can i show Exempted Purchase Return

Venu Kappala (Accountant ) (47 Points)

12 July 2021

sir my Exempted Purchases 20000,My Exempted Purchases Return 80000. How to show Gstr 3b

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4 Replies

CA Altamush Zafar (GST Consultant) (15986 Points)
Replied 12 July 2021

Show it in exempt inward supplies.

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CA. Sourav Sarkar (Chartered Accountant ) (24588 Points)
Replied 12 July 2021

Yes ..

Deepa B (Practicing Chartered Accountant ) (573 Points)
Replied 12 July 2021

Exempted purchases needs to be reported in Table 5-Values of exempt, nil-rated and non-GST inward supplies of GSTR-3B with classification whether it's inter or intra state supplies.

Reporting negative values in this table is not permitted. But in your case exempted purchases becomes negative after deducting the purchase returns. So this month values in the said table will be zero. But Rs.60,000 negative value has to be reported in subsequent month after adjusting it against respective month values.