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Different GST transactions & its Treatment under GST

Mar 28, 2018 by CA Harshil Sheth in GST Compliances

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)
2		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