Goods and Services Tax – Started By: – RAVI SAPRA – Dated:- 3-1-2018 Last Replied Date:- 8-1-2018 – How to show pure agent receipts in GSTR1 ? – Reply By Ganeshan Kalyani – The Reply = In my view it should be shown in table 8 , exempted sale. However, i welcome views of my collegue experts on this please. – Reply By KASTURI SETHI – The Reply = Pl. elaborate your query. How you are pure agent ? What is actual service ? Are you eligible for exemption ? Do you fulfill the conditions of 'pure agent, in terms of GST law ? Valuation Rules ? All these aspects are to be examined first before replying to your query . – Reply By RAVI SAPRA – The Reply = Thanks for your contribution. My submission as desired is as under:- Pure Agent Services are neither covered under exempt supply nor under nil rated supply I become pure agent as I pay custom duty or freight on behalf of my client. There is no markup in the price and I fulfill all the other conditions of Pure Agent. Rule 33 of CGST Rules 201
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GST or not ? Also read article of Sh.Vinod Chaurasia, an expert published in the 'Expert – Articles'. Title is 'Concept of Pure Agent'. Go through this article and, thereafter, you may seek clarification. There is no specific Column for 'pure agent'. It falls under, Taxable Outward Supplies . – Reply By KASTURI SETHI – The Reply = Pure agent services are exempted in 'Works Contract Service/Construction Service' with conditions imposed. – Reply By YAGAY AND SUN – The Reply = Please go through the definition of Pure Agent and the concept would be clear to you regarding how to deal this aspect in returns. – Reply By RAVI SAPRA – The Reply = Read the article of Sh. Vinod Chaurasia. Accordingly my receipts falls under the category of pure agent. No where this article deals with showing of these receipts in GSTR1. As for as concept of pure agent, it is very clear. Only issue is with its presentation in GSTR1. – Reply By KASTURI SETHI – The Reply = Have you tri
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f Supply, hence even if you raise Invoice separately, then also the same shall not be placed anywhere in Table 8. – Reply By RAVI SAPRA – The Reply = Dear Mr.Sanjay, This way we will be dealing with the same issue in two ways. One where combined bills are raised, value as pure agent receipt is added in Invoice Value and where separate invoices are raised, the same is ignored in GSTR1 not being a part of GST supply. – Reply By CS SANJAY MALHOTRA – The Reply = In both cases, whatever approach you follow, pure agent service is nowhere reflected in taxable value under any table or head. – Reply By MARIAPPAN GOVINDARAJAN – The Reply = I endorse the views of Shri Malhotra. – Reply By Ganeshan Kalyani – The Reply = Challenging. – Reply By KASTURI SETHI – The Reply = JUST FOR ADDITIONAL KNOWLEDGE OF QUERIST This is an extract from an article prepared by NACEN, Faridabad and available on CBEC's site. A pure agent concept is an important one for businesses as it has direct implications on th
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figures shown in 26AS and in our Balance Sheet are different from one filed in GST returns than the notices are bound to come from the department. – Reply By CS SANJAY MALHOTRA – The Reply = Mr. Ravi,Experts have shared their opinions. To follow the same or not is your action step.If you make payment on someone behalf, the same is not Supply as neither the Invoice is on you nor you have received services. This is not new concept, was available in Service Tax also and you must be following some criteria while submission of Service Tax Returns also.Recovery of any payment made on someone's behalf appears as Payment Advice entry at the Bottom of Invoice and is no way part of Taxable Value and considered as Supply.Check your accounting entries. You debit your Customers account and Credit Bank account. No Income / Expense is either Dr / Cr, then how will question of GSTR Returns Vs Annual Returns or Balance Sheet variances arises.Try to respect views of all Experts in this forum as thes
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