Different GST transactions & its Treatment under GST
There are many different transactions to be made in a business. People have difficulties while filling different GST transactions & its treatment under GST in returns filed in GST. The most useful and used returns under GST are GSTR-1 and GSTR-3b. Lets find out the treatment of different transactions for the returns in the following table by CA Harshil Seth:
GSTR-1
| DIFFERENT TYPES OF OUTWARD TRANSACTIONS & ITS TREATMENT IN GSTR 3B & GSTR 1 | |||||
| PARTICULARS – OUTWARD SIDE | WHICH ROW IN GSTR 3B ? | ROW Number in GSTR 3B |
WHICH SHEET IN GSTR – 1 ? | WHAT RATE IN GSTR -1 ? | |
| 1 | EXPORT ( WITH PAYMENT) | ZERO RATED | 3.1 B | EXPORT WPAY |
5, 12 , 18, 28 |
| 2 | EXPORT ( WITHOUT PAYMENT ) | ZERO RATED | 3.1 B | EXPORT WOPAY |
0 |
| 3 | SEZ SUPPLY ( WITH PAYMENT ) | ZERO RATED | 3.1 B | B2B SEZ supplies with payment |
5, 12 , 18, 28 |
| 4 | SEZ SUPPLY ( WITHOUT PAYMENT ) | ZERO RATED | 3.1 B | B2B SEZ supplies without payment |
0 |
| 5 | MERCHANT EXPORT | OUTWARD TAXABLE SUPPLY | 3.1 A | B2B Deemed Export |
0.1 |
| 6 | OTHER TAXABLE SALES | OUTWARD TAXABLE SUPPLY | 3.1 A | B2B , B2CL , B2CS Regular |
5, 12 , 18, 28 |
| 7 | NIL RATED , EXEMPTED SUPPLY , NON- GST SUPPLY |
OTHER OUTWARD SUPPLY | 3.1 C / 3.1 E | EXEMP | NA |
| 8 | CREDIT NOTE / DEBIT NOTE for B2B invoice – SALES RETURN / DISCOUNT / DEFICIENCY / CORRECTION in INVOICE |
+/- in OUTWARD TAXABLE SUPPLY | 3.1 A | CDNR | 5, 12 , 18, 28 |
| 9 | CREDIT NOTE / DEBIT NOTE (for B2CL OR EXPORT invoice) |
+/- in OUTWARD TAXABLE SUPPLY | 3.1 A | CDNUR | 5, 12 , 18, 28 |
| 10 | CREDIT NOTE / DEBIT NOTE (for B2CS invoice) |
+/- in OUTWARD TAXABLE SUPPLY | 3.1 A | NET OFF in B2CS | 5, 12 , 18, 28 |
| 11 | CREDIT NOTE / DEBIT NOTE (for exempt / Nil rated / Non-GST) |
+/- in OTHER OUTWARD SUPPLY | 3.1 C / 3.1 E | NET OFF in EXEMP | NA |
| 12 | ADVANCE RECEIVED | OUTWARD TAXABLE SUPPLY only in case of Services Not in case of Goods |
3.1 A | AT | 5, 12 , 18, 28 |
GSTR-3B
| DIFFERENT TYPES OF INWARD SUPPLIES & ITS TREATMENT IN GSTR 3B | |||
| PARTICULARS – INWARD SIDE | WHICH ROW IN GSTR 3B | ROW NO IN GSTR 3B | |
| 1 | IMPORT OF GOODS | IMPORT OF GOODS | 4.A.1 |
| 2 | IMPORT OF SERVICES | IMPORT OF SERVICES | 4.A.2 also in 3.1.D ( as RCM) |
| 3 | ALL OTHER TAXABLE INWARD | ALL OTHER ITC | 4.A.5 |
| 4 | PURCHASE RETURN / DISCOUNT / DEFICIENCY / CORRECTION in INVOICE | +/- ALL OTHER ITC | net off in 4.A.5 |
| 5 | ITC REVERSAL due to EXEMPT SUPPLY | As per Rule 42 & 43 | 4.B.1 |
| 6 | ITC REVERSAL DUE TO ALL OTHER REASONS |
OTHERS | 4.B.2 |
| 7 | INWARD SUPPLY FROM COMPOSITION SCHEME , EXEMPT & NIL RATED | TABLE 5 | TABLE 5 ROW 1 |
| 8 | INWARD SUPPLY OF NON GST SUPPLY | TABLE 5 | TABLE 5 ROW 2 |
| – PREPARED BY CA HARSHIL SHETH 9879831157 | |||
| I hope you will find this useful. Feel free for any correction or any suggestion. Thank You | |||
| H A SHETH & ASSOCIATES | CA HARSHIL SHETH | CA.HARSHILSHETH@GMAIL.COM | 9879831157 SUMANT S SHETH | ATULBHAI SHETH | ATULBHAIVAKIL@YAHOO.COM | 9825009557 58 , Vardhmannagar society , Caravan school lane , Behind Sardar Garden , Kalol ( North Gujarat ) – 382721 |
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