GSTR 3B Return - Table 5

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..... Dear Experts, Is it mandatory to fill details of exempt / non-GST supplies in Table 5 of GSTR - 3B Return. (We are run a tuition centre) Please note, we have no purchase from Composition Dealers. Some expenses like interest paid on Loan / purchase of Petrol are booked in P L A/c. Is it mandatory to show details of such expenses. Regards, J Kumar - Reply By KASTURI SETHI - The .....

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..... Reply = Table 5 has to be filled up. Read Section 15(2) (c)(d) of CGST Act . Interest on loan is not relevant here. - Reply By Jatin Kumar - The Reply = Thank you very much Kasturi Sethi Ji, One more query sir, Please note, some expenses like water expenses, Salary, Purchase Books, Study material to report mandatory in table 5 of GSTR 3B under exempt inward supply ? Regards, J .....

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..... Kumar - Reply By Ganeshan Kalyani - The Reply = Purchase of exempted item is required to be disclosed. - Reply By Ganeshan Kalyani - The Reply = In my view, salary and water supply expense is not required to be disclosed. - Reply By KASTURI SETHI - The Reply = As per legal dictionary, incidental expenses refers to occasional or casual expenses and usually this term is used for admin .....

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..... istrative expenses. Govt.'s intention is to include all incidental expenses into taxable value. Cost of books and other study material are directly linked to the coaching services/tuition service and other expenses such as water, salary and fuel are indirectly linked to your service. In other words, these incidental expenses are indispensable expenses. - GSTR 3B Return - Table 5 - Query .....

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..... Started By: - Jatin Kumar Dated:- 20-11-2017 Goods and Services Tax - GST - Got 5 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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