WHAT IS MEANS OF INWARD NON GST SUPPLY IN FORM 3B AT COLUMN NO.5. IS THAT MEANS ALL EXP ON WHICH NO GST PAYBLE LIKE SALRY , INTREST, PETROL EXP.
NON GST SUPPLY MEANING
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Non-GST supply classification affects reporting in GSTR-3B column for exempt, nil-rated and non-taxable inward supplies.
The GSTR 3B inward supplies column labeled for exempt, nil rated and non GST supplies is disputed: some interpret "non GST supply" as non taxable supplies (e.g., salary, interest, sale of land) whose reporting checks correct exemption claims; others stress the form's triage of exempt, nil rated and non GST as distinct categories; a further view excludes Schedule III items from reporting while an alternate view, relying on the inclusive definition of "supply," requires inclusion of such items. (AI Summary)
The GSTR 3B inward supplies column labeled for exempt, nil rated and non GST supplies is disputed: some interpret "non GST supply" as non taxable supplies (e.g., salary, interest, sale of land) whose reporting checks correct exemption claims; others stress the form's triage of exempt, nil rated and non GST as distinct categories; a further view excludes Schedule III items from reporting while an alternate view, relying on the inclusive definition of "supply," requires inclusion of such items. (AI Summary)
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