PURE AGENT RECEIPTS IN GSTR 1
Query (Issue) Started By: – RAVI SAPRA Dated:- 3-1-2018 Last Reply Date:- 8-1-2018 Goods and Services Tax – GST
Got 22 Replies
GST
How to show pure agent receipts in GSTR1 ?
\nReply By Ganeshan Kalyani:
\nThe Reply:
\nIn my view it should be shown in table 8 , exempted sale. However, i welcome views of my collegue experts on this please.
\nReply By KASTURI SETHI:
\nThe Reply:
\nPl. 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 .
\nReply By RAVI SAPRA:
\nThe Reply:
\nThanks for your contribution. My submission as desired is as under:-
\n\tPure Agent Services are neither covered under exempt supply nor under nil rated supply
\n\tI become pure agent as I pay custom duty or freight on behalf of my client. There is no markup in the price and I fu<\/p>\n
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Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n o. 6 or 8. Why it cannot be shown against serial No. 4 of GSTR-1 ? Have you paid 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". = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n NJAY MALHOTRA: = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n ceipts have been issued. Also MNC's also deduct TDS on such pure agent receipts. If the 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. = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n","protected":false},"excerpt":{"rendered":" PURE AGENT RECEIPTS IN GSTR 1 Query (Issue) Started By: – RAVI SAPRA Dated:- 3-1-2018 Last Reply Date:- 8-1-2018 Goods and Services Tax – GSTGot 22 RepliesGSTHow 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, … Continue reading “PURE AGENT RECEIPTS IN GSTR 1”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-9723","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/9723","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=9723"}],"version-history":[{"count":0,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/9723\/revisions"}],"wp:attachment":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9723"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=9723"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=9723"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
For full text:-Visit the Source <\/a><\/p>\n
\nReply By KASTURI SETHI:
\nThe Reply:
\nPure agent services are exempted in 'Works Contract Service\/Construction Service' with conditions imposed.
\nReply By YAGAY AND SUN:
\nThe Reply:
\nPlease go through the definition of Pure Agent and the concept would be clear to you regarding how to deal this aspect in returns.
\nReply By RAVI SAPRA:
\nThe Reply:
\nRead 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 <\/p>\n
For full text:-Visit the Source <\/a><\/p>\n
\nThe Reply:
\nMr. Ravi,
\nAmount received as Pure Agent is not part of Supply, hence even if you raise Invoice separately, then also the same shall not be placed anywhere in Table 8.
\nReply By RAVI SAPRA:
\nThe Reply:
\nDear Mr.Sanjay,
\nThis 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.
\nReply By CS SANJAY MALHOTRA:
\nThe Reply:
\nIn both cases, whatever approach you follow, pure agent service is nowhere reflected in taxable value under any table or head.
\nReply By MARIAPPAN GOVINDARAJAN:
\nThe Reply:
\nI endorse the views of Shri Malhotra.
\nReply By Ganeshan Kalyani:
\nThe Reply:
\nChallenging.
\nReply By KASTURI SETHI:
\nThe Reply:
\n JUST FOR ADDITIONAL KNOWLEDGE OF QUERIST
\n This is an extract from an article prepared by NACEN, Faridabad and available on CBEC's site.
\n"A pure <\/p>\n
For full text:-Visit the Source <\/a><\/p>\n
\nReply By CS SANJAY MALHOTRA:
\nThe Reply:
\nMr. Ravi,
\nExperts have shared their opinions. To follow the same or not is your action step.
\nIf 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.
\nRecovery 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.
\nCheck 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 <\/p>\n
For full text:-Visit the Source <\/a><\/p>\n