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REGARDING 3-B IN CASE WHOSE TURNOVER IS LESS THAN 1.5 CRORE, Goods and Services Tax - GST

Issue Id: - 113018
Dated: 8-11-2017
By:- PAWANKUMAR GARG
REGARDING 3-B IN CASE WHOSE TURNOVER IS LESS THAN 1.5 CRORE

  • Contents

Sir

Is there any clarification on the above subject issue to the effect that Form 3-B is to be filed in case of turnover below 1.5 core.

Whether commission sales of katcha arhtiya on account of wheat and paddy has to be reported in exempted column no.8 of GSTR-1.

Posts / Replies

Showing Replies 1 to 7 of 7 Records

1 Dated: 8-11-2017
By:- KASTURI SETHI

(i) No clarification. Possibility in the GST Council meeting to be held on 9 & 10.11.17.

(ii) Yes.


2 Dated: 8-11-2017
By:- Ganeshan Kalyani

GSTR 3B is applicable to all the assesses. Yes , exempted turnover also need to be disclosed in the return.


3 Dated: 8-11-2017
By:- subramanian vijayakumar

Yes it includes all the sales figures including exempt sales


4 Dated: 9-11-2017
By:- MARIAPPAN GOVINDARAJAN

What is katcha arhtiya?


5 Dated: 9-11-2017
By:- KASTURI SETHI

There are two types of Commission Agents Katcha Arhtiya (Temporary Commission Agent) and Permanent Commission Agent. Both are intermediaries and arrange to sell the crop of farmers. Legally both are same as both charge commission for making arrangement to sell the crop of farmers in the market. Katcha Arhitya gives the money in advance to the farmer without physical presence of crop through out the year. As and when the farmer gives the crop to the temporary agent for sale to the buyer to be arranged by the agent, he recovers the amount of commission from the sale proceeds of the crop.

The other commission agent who arranges the buyer for temporary commission agent gives the commission to him only after when the crop is lifted. Both do not account for the sale proceeds of crop in their books of account. Only amount of commission is accounted for.

This is as per practice being followed in Punjab.


6 Dated: 9-11-2017
By:- MARIAPPAN GOVINDARAJAN

Thank you for your information sir.


7 Dated: 10-11-2017
By:- KASTURI SETHI

Welcome, Sir


1

Old Query - New Comments are closed.

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